5703 S Thomas Mallen Rd, Spokane, WA 99224
- $1,200,000
- 5
- BD
- 2
- BA
- List Price
- $1,200,000
- MLS#
- 202622726
- Property Sub-Type
- Single Family Residence
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Acres
- 4.42
Property Description
Exceptional investment and development opportunity on ±4.42 acres of Light Industrial-zoned land in a prime Spokane location with quick, convenient access to I-90. This versatile property offers the rare combination of immediate rental income and outstanding future development potential. Two updated residential homes are currently leased, generating $4,600 per month with the opportunity for immediate rent increases. The homes include a 5-bedroom, 2-bath residence with approximately 1,656 square feet and a 4-bedroom, 2-bath residence with approximately 1,200 square feet. Continue collecting rental income while planning your next commercial or industrial project. The Light Industrial zoning supports a variety of business and development opportunities, making this an ideal investment for developers, owner-users, or investors seeking long-term upside. Rarely does a property offer this combination of income, flexibility, desirable zoning, and a highly accessible location.
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Additional Information
- Bedrooms
- 5
- Bathrooms
- 2
- Master Bedroom
- 1st Flr
- Primary Bedroom
- 1st Flr
- Year Built
- 1948
- MLS Area/Grid
- West Med Lk Cheney
- MLS Area/Grid Number
- A420/092
- Parcel Number
- 24053.9031
- School District
- Cheney
- Elementary School
- Snowden
- Middle School
- Westwood
- High School
- Cheney
- Garage Spaces
- 2
- Basement
- Crawl Space, Slab
- Heating/Cooling
- Electric, Heat Pump, Ductless
- Style
- Ranch
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 4.42
- Lot Size
- 192,535
- Lot Information
- Fenced Yard, Treed, Level, Corner Lot, Legal Non-Conforming, Horses Allowed
- Property Sub-Type
- Single Family Residence
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Listing courtesy of SARMLS / Avalon 24 Real Estate
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.