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$1,200,000
4503 S Craig Rd, Medical Lake, WA 99022
0 Beds
0 Baths
n/a SqFt

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Get in on the ground floor of this development opportunity, minutes each way to Medical Lake or central Airway Heights. 14 minutes from Downtown Spokane, minutes from new Airway business park and Amazon. Currently setup as a large residential building which could be used for short term rental, event center, on site management quarters, and/or condo center club house. Per seller, plans are drawn and approved by the City of Medical Lake to develop the property by phases into 75+ garage units with full customization for each unit including water and heat. The current structure on the land includes the original 1896 stone structure homestead that could be a center piece wine cellar for event center/club house. Could be held and managed as large garage storage units or resold once developed as garage condos. This parcel is connected to city water but also has a well for land irrigation. Just imagine sitting on your private balcony, watching the Fairchild airshow!
  • Price:
  • $1,200,000
  • Acreage:
  • 4.99
  • Year Built:
  • 1896
  • Listing ID #:
  • 202212853
  • Street Address:
  • 4503 S Craig Rd
  • City:
  • Medical Lake
  • State:
  • Washington
  • Postal Code:
  • 99022
  • County:
  • Spokane
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
  • Basement Description:
  • No Basement
  • Complex/Building Access:
  • Pub Rd
  • Exterior Features:
  • Cedar, Wood
  • Miscellaneous Features:
  • 200 Amp, Breakers, Sec Alarm
  • Type Of Roof:
  • Metal
  • Year Built:
  • 1896
  • Year Renovated:
  • 2022
  • Type Of Business Opportunity:
  • Yes
  • Lot Features:
  • Open, Corner
  • Lot Square Footage:
  • 217364
  • Terms:
  • Conv, Cash
  • Heating And Air:
  • Radiant-Flr, El Wall Unit
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy Of 4 Degrees Real Estate
  • SPOKANE

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