Unit Airfield Site
-
Available on
December 15, 2023
-
Time on Market
4 months
-
Last updated
Dec 14, 2023
-
Space ID
2152045
Property Details
FLEXIBLE ZONING: The City of Airway Heights recently updated their Commercial Zones to include Mixed-Use overlays. Possible uses include multifamily development with a diverse commercial component.. PROJECT SIZE: The site has previously received city approval to build up to 93 multifamily units, which is a manageable size for a sing-phase development with no lease-up risk for the submarket.. OPPORTUNITY ZONE: The site is located in an opportunity zone, providing outstanding tax benefits assuming the investing critera are met, including a step-up in basis at the end of 10 years.. MARKET GROWTH: Airway Heights is a high-growth submarket of the Spokane MSA with seamless access to the airport, major employers such as the Casino and the Air Base and has proven market absorption and rents in the past.
- Property TypeLand
- Total Building Size4RSF
- Last updatedDec 15, 2023
- Property ID2230537