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Listed by Collin Kelley • eXp Realty, LLC
$ 1,300,000
Est. payment /mo
New
1405 W HALF MOON Rd Colbert, WA 99005
10 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202622221
Year Built 2016
Lot Size 10.000 Acres
Lot Dimensions 10
Property Sub-Type Commercial
Property Description
What if your next investment offered proven cash flow today—and room to grow tomorrow? This 100% occupied storage complex sits on approximately 10 acres and generates nearly $130,000 in annual gross rental income with NOI just shy of $120,000. The property includes 27 units, highlighted by a 3,600 SF building generating $2,500/month, a 1,800 SF unit generating $2,250/month, plus 24 approximately 300 SF storage units. With long-term tenants, virtually no vacancy history, and permits already in place for additional expansion, the upside here goes well beyond today's income. Proven performance, substantial acreage, and the ability to expand well into the future—how often do you find all three in one investment?
Location
State WA
County Spokane
Rooms
Basement See Remarks
Interior
Heating See Remarks
Cooling Other
Exterior
Garage Spaces 4.0
View Y/N true
View Mountain(s), Territorial
Roof Type Metal
Building
Lot Description Views, Level, Open Lot, Fencing
Structure Type Steel Frame
Schools
School District Mead
Others
Acceptable Financing Conventional, Cash, See Remarks
Listing Terms Conventional, Cash, See Remarks