Property Location:
North side of Highway 2, East of Flint Road, Airway Heights, Washington.

Site Description:

Legal Description:            
BSP 98-63 (Pillar Rock), Tract D 1, D2 and D5, being a portion of the SEl/4 ofSWl/4 of Section 20, Township 25N, Range 42E, Spokane County, Washington.
Size:                                    
25+- acres - 1,096,839 sf. 
Access:                        
Highway 2
Parcel Numbers:            
25203.9076,9077,9078,9079 and 9080
Zoning:                        
L1, by Spokane County Jurisdiction
Click here for more information

Highest and best Use:
Commercial uses.

Location Map:
The subject property is located in the West 8400 block of State Highway 2 in Spokane County, Washington.

Size and Shape:
The subject property consists of 25.20 acres, or approximately 1,097,712 sf. The site is rectangular in shape and has approximately 910 feet of frontage along the north side of Highway 2. The property has not been improved and is vacant land.

Topography and Soils:
The subject site is primarily level. This area has few native trees or shrubs, and the soil under its native vegetation is gravelly. There are some small hills on the property, but none that create an elevation change.

No formal soil survey was provided, but according to the Spokane County Soil Survey, the soils appear to be a Bong and Phoebe fine sandy loam with 0 to 8% slopes. These soils are characterized as having slight to moderate susceptibility to frost action, moderately rapid to very rapid permeability, low shrink-swell potential, low sheer strength, low stability, and high load-carrying capacity. These soils appear appropriate to support substantial development, as evidence by existing improvements in the neighborhood.

Flood Zone/Plain:
The subject is not located within a flood zone. The general area is shown to lie within Zone "C", outside the 100- and 5OO-year flood zones.

Access and Visibility:
The subject property is located along Highway 2, approximately 1,700 feet east of Flint Road. Highway 2 is a paved east/west State Highway, which at this point is four lanes with a center turn lane. It narrows to two lanes just past the main entrance to Fairchild Air Force Base. Traffic on Highway 2 can travel west to the Seattle area, or east and north to Canada. Visibility and access to the site from Highway 2 are considered good.

Adjoining Land Uses:
North:
Vacant land
South:
Prospectors Restaurant, Hilton Garden Motel, and Bank of Whitman
West:
Vacant land, agricultural property
East:
Vacant land, R.A. Pearson Company, Insurance Auto Auction, Western Power and Equipment, ABC Mini-Storage
Southeast:
Ribic's Enterprises, Precision Fiberglass, AAA Used Tire Company

Utilities:
Water, sewer, refuse, electricity, natural gas, and telephone services are all available to the subject site.

Environmental Concerns:
An environmental audit was not provided for this assignment. No obvious evidence of hazardous materials was observed during my inspection, although this does not mean that there are no hazardous materials present on the property. We are not qualified to detect such substances. The value estimated herein is predicated on the assumption that there is no such material on, in, or by the property that would adversely impact its value.

Easements & Encroachments:
There are no adverse easements or encroachments known to impact or prohibit use of the subject property in conformity with its highest and best use.

Assessed Valuation and Taxes:
The subject is made up of five parcels. The 2006 assessed value and taxes for these five parcels are shown below.

Zoning:
Vast majority of retail sales, commercial venues, and light industrial uses. Click here for more information

Improvement Description:
No physical improvements have been made to the subject property. The subject property is vacant land.