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5703 S Thomas Mallen Rd

Spokane, WA 99224
  • $1,200,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 202622727
UPDATED: 37 min ago
$1,200,000
  • 0
    BEDS
  • 4.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

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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© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-09-11T15:20:49.89.
www.kellerwilliamscda.com/homes/180225602
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5703 S Thomas Mallen Rd Spokane, WA 99224

  • Price: $1,200,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 37 min ago
  • ID#: 202622727
0
Beds
0
Baths
0
½ Baths
4.42
Acres
1948
Built
Neighborhood:
A420/092
County:
Spokane
Area:
A420/092
Elementary School:
Snowden
Middle School:
Westwood
High School:
Cheney
School District:
Cheney
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.
Exterior Features

Architectural Style Ranch Construction Materials Vinyl Siding Lot Features Fenced YardTreedLegal Non-ConformingHorses Allowed Parking Features AttachedSlabRV Access/ParkingOff Site Road Frontage Type City StreetPaved Road Roof Composition

Interior Features

Additional Dining Features InformalKit Eat Sp Additional Primary Bedroom Features 1st Flr Appliances Free-Standing RangeDishwasherRefrigeratorDisposalMicrowave Basement Crawl SpaceSlab Heating ElectricHeat PumpDuctless

Property Features

Additional Parcels YN No Association Amenities None High Speed Internet Yes Listing Terms ConventionalCashCommercial Other Structures Stge Shd Property Sub Type Residential Income Structure Type One Story

Listing provided courtesy of Avalon 24 Real Estate: .


© 2026 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-09-11T15:20:49.89.
 
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