Commercial Land for sale in Spokane Valley presents a unique opportunity for investors and businesses alike. With a growing population of approximately 100,000 residents, Spokane Valley offers a diverse range of investment possibilities. Commercial Land can represent a variety of investments, from retail and office spaces to industrial and mixed-use developments. Spokane Valley's strategic location, nestled between Spokane and Coeur d'Alene, Idaho, makes it an attractive destination for businesses and travelers. The city's amenities, including Mirabeau Point Park, the Spokane Valley Heritage Museum, and the Spokane Indians minor league baseball team, contribute to its appeal. Additionally, Spokane Valley's infrastructure, including MultiCare Valley Hospital, Avista Utilities, and Inland Power & Light, supports a strong business environment.
Spokane Valley's Commercial Land market offers 12 available listings, with an average price per square foot of $368 USD and an average size of 142,181 square feet. The largest available property spans 187,745 square feet, providing ample opportunities for businesses to establish themselves. With an average cap rate of 7.37%, Commercial Land in Spokane Valley presents a compelling investment opportunity. The city's diverse economy, driven by healthcare, utilities, and public safety, supports a range of businesses. From established corporations like MultiCare Health System and Avista Utilities to educational institutions like Valley Christian School and Spokane Valley Tech, Spokane Valley offers a dynamic business environment. With its unique blend of natural beauty, community events, and economic opportunities, Spokane Valley is an attractive destination for businesses and investors.
What are common commercial uses for land in the Spokane Valley market?
Commercial land in Spokane Valley is often utilized for healthcare facilities, utility services, and public safety infrastructure, given the city's strong presence of healthcare providers like MultiCare Health System and Providence Health & Services, as well as utility companies like Avista Utilities and Inland Power & Light.
Additionally, commercial land in Spokane Valley may be used for educational institutions, manufacturing facilities, and retail spaces, taking advantage of the area's access to major transportation hubs like the Spokane International Airport and the Pence-Cole Valley Transit Center, as well as its proximity to Interstate 90.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Spokane Valley, there are several common ways to do so. For instance, investors can buy land directly from property owners, work with a commercial real estate broker, or explore online marketplaces like LoopNet, where you can find 12 available listings of commercial land for sale, with an average price per square foot of $368 USD and an average size of 142,181 square feet.
Before making a purchase, it's essential to understand the process and consider factors like zoning regulations, environmental concerns, and market demand. If you're new to land development, it's a good idea to start by reading our guide on how to buy land, which provides valuable insights and tips for a successful investment. With the right approach, purchasing land in Spokane Valley can be a lucrative opportunity for developers and investors alike.
