Overview Summary
Great Development Opportunity
Situated at the corner of Cheney Plaza Road and Front Street, this 7.35-acre piece of empty land is perfect for commercial development. Located in the Southern part Spokane County in Cheney, near Eastern Washington University, it offers fantastic visibility. Priced at $960,500, or $3.00 per square foot, the land is divided into six parcels ranging from 0.99 to 1.74 acres, giving you plenty of options for phased construction or mixed-use plans.
Flexible Zoning
The land is zoned Light Industrial by the City of Cheney, allowing for a wide range of commercial uses. You can explore options like self-storage, co-working spaces, retail, medical facilities, or large warehouses.
Market Demand
The Cheney storage market is thriving, with nearby facilities running at 96% and 98% occupancy. At $1.15 per square foot, market rents are solid. The area within a five-mile radius is growing quickly, with a projected population of 18,206 by 2030 and an average household income of $71,869.
Turning Ideas Into Reality
Whether you're planning an industrial warehouse or a modern self storage complex, this site is ready for your vision. Current designs show the potential for an 80,000 square foot storage complex using just three parcels, leaving room for further development or even separate projects on the remaining land.
S Front St, Cheney, WA 99004, USA
Address
$990,00
Price
7.35 Acres
NSQFT
N/A
Units
N/A
Cap Rate
Light Industrial
Zoning
Land
Asset





