W 12th Ave - W 12th Ave, Airway Heights, WA 99001

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.