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Investment Highlights

  • Corner Lot

Executive Summary

This unique development opportunity is located along the north ridge of the Spokane River gorge in the highly sought-after Kendall Yards neighborhood, just steps from the scenic Spokane River and Centennial Trail. With Riverfront Park situated directly to the east, the site offers immediate access to some of Spokane’s most cherished recreational spaces boasting spectacular views of the Spokane River, downtown Spokane and sweeping territorial views.
Comprising two parcels, this property is ideally suited for a range of uses, including commercial, hotel, and multi-family residential developments.
While Premera is listing this property as the owner, we are happy to work with brokers or owner representatives.

Financial Summary (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2026) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per AC $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per AC $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $10,484,631 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hotel
  • Medical
Total Lot Size 2.05 AC
Opportunity Zone Yes
Zoning CB - Community Business - The property is zoned as Community Business (CB), which includes most types of retail, office, residential and multi-family, as well as hotel uses.

1 Lot Available

Lot Lots 3 & 5

Price $10,484,631 CAD
Price Per AC $5,114,454.23 CAD
Lot Size 2.05 AC

Two lots for sale at Kendall Yards comprised of a total of 2.05 acres. Located at 1011 & 1061 W. Summit Parkway, Spokane, WA.

Description

Kendall Yards is a vibrant community featuring a mix of single- and multi-family residences, medical office buildings and a dynamic commercial district. The property’s proximity to downtown Spokane places employment opportunities, recreational amenities, and shopping within easy walking distance, enhancing its appeal for future residents and businesses alike. The neighborhood is well-served by multiple arterial roads, including a robust transportation network that ensures convenient access to and from the property for residents, employees, and visitors. The property benefits from access to all essential utilities. The City of Spokane provides water, sewer, and garbage collection services, while Avista Utilities supplies both electricity and natural gas, supporting a wide variety of potential development projects. Premera can provide the prospective buyer with a complete package of site due diligence and development materials, including the following: • Geotechnical report • Seismic refraction report • Cosky tank restrictions and approach • Foundation approach • Rapid impact compaction test results • Topographic survey (TOPO) • Existing site conditions documentation • Commercial stormwater area report • Details on Monroe Bridge foundations • Construction approach for the 72-inch main sewer • Fire access approach • Sewer elevations for tie-in • Department of Ecology No Further Action (DOE NFA) determination • Utility access and availability • Kendall Yards Covenants, Conditions, and Restrictions (CC&R’s)

Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 35183.0803
  • 35183.0805
Land Assessment
$3,675,081 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$3,675,081 CAD (2025)
Annual Taxes
-$1 CAD
Tax Year
2026
  • Listing ID: 40481441

  • Date on Market: 2026-05-11

  • Last Updated:

  • Address: 1061 Summit Pkwy, Spokane, WA 99201

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