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1061 Summit Pkwy 2.05 Acres of Commercial Land Offered at $10,484,631 CAD in Spokane, WA 99201



Investment Highlights
- Corner Lot
Executive Summary
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
1 Lot Available
Lot Lots 3 & 5
| Price | $10,484,631 CAD | Lot Size | 2.05 AC |
| Price Per AC | $5,114,454.23 CAD |
| 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)
Property Taxes
| Parcel Numbers | Total Assessment | $3,675,081 CAD (2025) | |
| Land Assessment | $3,675,081 CAD (2025) | Annual Taxes | -$1 CAD |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Presented by
Premera Blue Cross
1061 Summit Pkwy
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