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5703 S Thomas Mallen Rd
Spokane, WA 99224
5703 Thomas Mallen · Land For Sale
·
4.42 AC
Investment Highlights
- 4.42-acre parcel zoned Light Industrial with additional development opportunities.
- Located near major highways, offering excellent regional access and distribution potential.
- Opportunity to leverage interim cash flow while implementing long-term development plans.
- Two existing rental houses provide dual income streams of approximately $4,600 per month.
- Surrounding area supports industrial, logistics, and commercial uses for diverse development.
- Strong regional infrastructure and growing industrial demand in Spokane market.
Executive Summary
This 4.42-acre parcel on S Thomas Mallen Road presents a rare investment opportunity in Spokane’s growing industrial corridor. Zoned Light Industrial, the site combines immediate income generation with future development potential. Currently, two rental homes occupy the property, generating $4,600 monthly with the flexibility to adjust rents for additional upside.
Located near the intersection of major routes, the property offers convenient access to Interstate 90 and key transportation networks, enabling efficient distribution and connectivity throughout the region. The surrounding area is characterized by industrial operations, logistics facilities, and commercial users, making this parcel a strong candidate for development aligned with market demand.
Buyers gain the advantage of stable interim income while planning redevelopment or build-to-suit opportunities. With continued regional growth and Spokane’s pro-business environment, this site positions investors to capitalize on rising demand for industrial and mixed-use projects.
Located near the intersection of major routes, the property offers convenient access to Interstate 90 and key transportation networks, enabling efficient distribution and connectivity throughout the region. The surrounding area is characterized by industrial operations, logistics facilities, and commercial users, making this parcel a strong candidate for development aligned with market demand.
Buyers gain the advantage of stable interim income while planning redevelopment or build-to-suit opportunities. With continued regional growth and Spokane’s pro-business environment, this site positions investors to capitalize on rising demand for industrial and mixed-use projects.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.42 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Year Built | 1948 |
| Zoning | LI - Light Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.42 AC |
| No. Stories | 1 |
| Year Built | 1948 |
| Zoning | LI - Light Industrial |
1 Lot Available
Lot
| Price | $1,200,000 | Lot Size | 4.42 AC |
| Price Per AC | $271,493.21 |
| Price | $1,200,000 |
| Price Per AC | $271,493.21 |
| Lot Size | 4.42 AC |
- Lot Size: ± 4.42 Acres - Zoning: Light Industrial - Two Rental Houses on Parcel: - 5 Bedroom/2 Bath: ± 1,656 SF - 4 Bedroom/2 Bath: ± 1,200 SF - Rental Houses generate $4,600 per month with ability for immediate increases
Description
The property includes two single-family homes on a 4.42-acre Light Industrial-zoned parcel at 5703 S Thomas Mallen Road in Spokane, Washington. The surrounding area includes industrial and commercial developments, and the site is located within proximity to Interstate 90, providing regional connectivity.
Property Taxes
| Parcel Number | 24053.9031 | Improvements Assessment | $420,100 |
| Land Assessment | $142,880 | Total Assessment | $562,980 |
Property Taxes
Parcel Number
24053.9031
Land Assessment
$142,880
Improvements Assessment
$420,100
Total Assessment
$562,980
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