17220 E Cowley Ave 7,500 SF 100% Leased Industrial Building Spokane Valley, WA 99016 $1,290,100 CAD ($172.01 CAD/SF)

The Full Picture
Opportunities like this don't surface often in Spokane Valley. What's being offered here is not a single property — it's a two-parcel, 1.14-acre assemblage zoned Corridor Mixed Use (CMU) on E Cowley Ave, sold together as one complete package. Whether you're a contractor who's tired of paying rent on shop space, an investor looking for a property that pays multiple ways, or a developer with an eye on what CMU zoning can unlock — this checks every box.
The main parcel at 17622 E Cowley Ave (0.65 ac) is anchored by a 4,832 square foot commercial shop built in 2005 — two stories, three bay doors, and outfitted to a standard that makes it genuinely move-in ready for any trade or contractor operation. The second parcel at 17620 E Cowley Ave (0.49 ac) adds a 1,500 sqft secondary shop currently fenced into the main commercial yard, a storage shed, detached garage, and a clean original 3-bedroom single-wide mobile home with its own fenced backyard and a rarely-seen bonus: a fallout shelter.
Both parcels are fully fenced, served by Avista utilities, and sit within the Spokane Valley Fire district and Central Valley School District #356. The combined footprint and CMU designation make this equally compelling as an operational business headquarters, a live-work compound, a rental-income hold, or a longer-term redevelopment play. Per Spokane Valley's official zoning code, CMU "allows for light manufacturing, retail, multi-family, and offices along major transportation corridors" — with adjacent residential zones protected through transitional standards. That's an exceptionally wide net for a buyer to work with.
"Both parcels are sold together — this is an all-or-nothing package. There is no opportunity to purchase the commercial shop separately from the residential parcel, or vice versa. What makes this rare is exactly that: the combined acreage, the combined zoning, and the combined potential.
MAIN PARCEL — 17622 E COWLEY AVE
The Commercial Shop
The centerpiece of this property is a 4,832 square foot commercial shop built in 2005 — a two-story, steel-frame structure in very good condition with only minor cosmetic updates needed. This is not a garage. This is a fully operational commercial facility designed for serious work, and it shows in every detail.
Three oversized bay doors provide drive-through access for trucks, trailers, and heavy equipment — a feature that contractors, fleet operators, and trade businesses will immediately appreciate. Inside, the layout is thoughtfully designed for an operation that needs both shop floor space and dedicated office function.
The upper and lower offices provide separation between administrative work and shop-floor activity — a setup that works equally well for a single owner-operator or a small team. The lower level includes a full restroom, walk-in shower, and washer/dryer hookups — meaning crew members can arrive, work, clean up, and leave without ever needing to go offsite. A dedicated break room rounds out the amenities, making this a complete, self-contained work environment.
Outside the shop, the yard is fully fenced and sized to accommodate trailers, heavy equipment, material storage, and vehicles. A large steel cargo/shipping container provides additional covered and secured storage on-site — already in place and included in the sale. A lean-to structure adds covered outdoor workspace or equipment staging area alongside the main building.
For any business currently leasing shop space in the Valley, the math here is straightforward: owning this facility eliminates a monthly expense while simultaneously building equity in a CMU-zoned commercial asset.
-4,832 Sqft Commercial Shop
Two-story steel-frame commercial building built 2005. Very good condition — only minor cosmetic updates needed. Fully operational from day one.
-Three Bay Doors
Oversized bay doors accommodate trucks, trailers, and heavy equipment. Drive-through capability for large commercial vehicles.
-Upper & Lower Offices
Dedicated office space on both levels — separates admin from shop floor. Ideal for owner-operators and small teams alike.
-Full Crew Amenities
Restrooms, walk-in shower, and washer/dryer hookups mean crew can work and clean up entirely on-site. Break room included.
-Steel Cargo Container
Large metal cargo/shipping container on-site — secured additional storage included in the sale. Already in place and ready to use.
-Lean-To Structure
Covered outdoor workspace or equipment staging alongside the main shop. Adds functional covered square footage to the operation.
-Fully Fenced Yard
The entire commercial parcel is fully fenced — secure storage for trailers, equipment, vehicles, and materials. Ample open yard space.
0.65 Acres
28,128 sqft of CMU-zoned land. Property Use classification: Wholesale. Assessed neighborhood: Valley Warehouse East (443IM).
SECOND PARCEL — 17620 E COWLEY AVE
The Second Shop & Residence
The second parcel adds substantial depth to this offering — both in terms of operational square footage and income potential. At 0.49 acres (21,240 sqft), this parcel currently functions as a natural extension of the main commercial operation, with its 1,500 sqft secondary shop fenced directly into the main commercial yard. This creates a seamlessly connected compound — buyers can continue operating the two shops as one unified facility.
In addition to the secondary shop, this parcel includes a storage shed and a detached garage — both adding covered storage and functional workspace to the overall property. The parcel is separately addressed at 17620 E Cowley Ave, which provides flexibility for future subdivision or separate use if zoning and development plans warrant it.
Tucked on this parcel is also the residential component: a 3-bedroom, 1-bathroom 1976 single-wide mobile home that is clean, original, and entirely livable. It sits on its own portion of the parcel with a fenced backyard, providing genuine separation from the commercial activity next door. The home is currently habitable as-is and represents an immediate income opportunity or on-site living option for an owner-operator.
Perhaps the most unusual feature of this parcel is the fallout shelter — an uncommon and notable inclusion that adds a layer of intrigue and utility that buyers will not find on comparable properties in the Valley.
THE RESIDENCE
3BD / 1BA Single-Wide
The 1976 single-wide mobile home on the second parcel is one of the more versatile elements of this offering. Clean and original throughout, this 3-bedroom, 1-bathroom home gives a buyer immediate options that most commercial properties simply don't offer.
Live on-site and eliminate a separate housing cost while running your business from the shop next door — a setup that works particularly well for contractors, tradespeople, and owner-operators who want to be close to their operation. Rent it out and generate additional monthly income from the property while your business occupies the commercial parcel