24706 E Wellesley Ave, Otis Orchards, WA 99027
Spokane County
Key Facts
Description
1.01 acre commercial property offering significant flexibility of use in the near term, and healthy long term upside potential. 35+ year established restaurant destination with strong local recognition and customer awareness (No value has been given to the business. FF&E available separately). Regional Commercial zoning supports a broad range of commercial and redevelopment opportunities. Five existing structures on-site including a 1,440 SF restaurant, 2,400 SF residence, 624 SF dry storage, 900 SF warehouse, and a small storage building. Rare mixed-use investment opportunity combining business operations, residential use, and future value-add potential.
Property Information
Property Type
Commercial Sale
Year Built
1955
Living Area
1,440 sq ft
Lot Size
1.01 acres
Days on Market
7
MLS® Listing#
202618960
Property Features
Cooling
Heating
Construction
Roof
Other Structures
Financial Details
Parcel Number
55021.0170
Affordability Calculator
$159,000
Estimated monthly payment
$4,231/mo
Principal $636,000 · Est. interest $887,277 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Otis Orchards, WA
- $525,000
- Median Listing Price
- 60
- Median Days on Market
- 2,032
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 19
- Active Listings
- This home’s price is 51% above the area median.
- Its price per sq ft is 148% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Otis Orchards, WA.
Location
Points of Interest in Otis Orchards, WA
Showing the Otis Orchards area map.
Nearby Schools
East Farms Elementary School
Elementary · 1.1 mi away
Mountain View Middle School
Secondary · 1.2 mi away
Otis Orchards Elementary School
Elementary · 1.7 mi away
Central Valley School District - Spokane Valley, Wa
School · 1.7 mi away
Liberty Lake Elementary School
Elementary · 2.4 mi away
Liberty Creek Elementary CVSD
Elementary · 2.4 mi away
St Dominic's Girls School
Secondary · 2.7 mi away
Our Lady of Victory
School · 3.2 mi away
Ridgeline High School
Secondary · 3.9 mi away
Central Valley School District
School · 4.0 mi away
Christian Classical Academy
School · 4.6 mi away
Riverbend Elementary School
Elementary · 4.7 mi away
Skyview Elementary School
Elementary · 4.8 mi away
Continuous Curriculum School
Elementary · 4.8 mi away
West Ridge Elementary School
Elementary · 5.1 mi away
Pacific NW Ironworkers Jatc 14 Apprenticeship
School · 5.2 mi away
Greenacres Elementary School
Elementary · 5.3 mi away
Greenacres Middle School
Secondary · 5.3 mi away
Seltice Elementary School
Elementary · 5.5 mi away
East Valley High School
Secondary · 5.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5328 N Del Rey Dr, Otis Orchards, WA | $569,000 | 3 | 3 | 2,512 |
| 5114 N Del Rey Dr, Otis Orchards, WA | $680,000 | 5 | 3 | 2,900 |
| 5821 N Del Rey Dr, Otis Orchards, WA | $720,000 | 3 | 4 | 3,000 |
| 20306 E Happy Trails Ln, Otis Orchards, WA | $775,000 | 5 | 4 | 4,020 |
| 3210 N MOLTER Rd, Otis Orchards, WA | $899,000 | 5 | 3 | 2,978 |
| 20409 E Happy Trails Ln, Otis Orchards, WA | $899,900 | 5 | 3 | 2,812 |
Moving Cost Estimate
EXIT Agents in Otis Orchards
Listing Courtesy: TOK Inland Northwest LLC - 2083784600