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$2,057,142 -$142,858 (-6.49%) Price Reduced

  • For Sale
  • Active
  • Retail
  • Updated 6 days ago

Listed by Kevin G. Verger | Kidder Mathews | (360) 705-2800

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Pleased to present the opportunity to acquire a Single-Tenant NNN Zip's Drive-In with over 14 years remaining on the lease. The property features 3% annual rent escalations beginning in 2030, providing both a hedge against inflation and consistent rent growth through 2039. Strategically located on West Sunset Highway (US-2), Airway Heights' primary retail corridor, the property is surrounded by national retailers including Yoke's, Walmart, AutoZone, and Domino's. With less than 1.5% retail vacancy in the Airway Heights market as of Q2 2025 (CoStar), this offering represents a rare opportunity to acquire a high-performing, long-term leased asset in one of the most desirable submarkets in the region.

Full Property Details for 12421 W Sunset Hwy

General

  • Price: $2,057,142
  • Status: Active
  • Type: Retail
  • Source: NWMLS
  • MLS ID: 2444574
  • Updated: 1/12/2026
  • Added to Site: 96 day(s) ago

Location

  • Area: 561 - Spokane County
  • County: Spokane
  • Subdivision: Airway Heights
  • Driving Directions: Use your Smartphone Maps App.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other – See Remarks
  • Heating Type: Other – See Remarks

Utilities

  • Sewer: Available
  • Water: See Remarks

Structural Information

  • Structure Type: Retail
  • Year Built: 1987

Lot Features

  • Lot Size (Acres): 1.1341
  • Lot Size (Sq. Ft.): 49,400
  • Lot Size Source: Public Records
  • Zoning: Retail

Financial Considerations

  • Terms: See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 152610027

Listed by Kevin G. Verger | Kidder Mathews | (360) 705-2800

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Schools serving 12421 W Sunset Hwy

School District:Cheney School District
NameGradesDistance
Phil Snowdon Elementary
6323 South Holly Road, Cheney, WA 99004
PK-54 mi
Westwood Middle School
6120 South Abbott Road, Spokane, WA 99224
6-85.4 mi
Cheney High School
460 North 6th Street, Cheney, WA 99004
9-1210 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12421 W Sunset Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Price Reduced
$2,057,142
-6.49%
MLS
10/14/2025
Listed
$2,200,000
183.87%
MLS
9/01/2009
Sold
$775,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12421 W Sunset Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,563
21%
$942,000
18%
2023
$6,254
-7%
$795,100
17%
2022
$6,697
7%
$680,300
—
2023
$6,254
-14%
$680,300
—
2021
$7,290
—
$680,100
17%
2021
$7,290
12%
$580,000
3%
2020
$6,533
6%
$561,200
2%
2019
$6,190
-13%
$552,800
—
2018
$7,148
7%
$553,500
-22%
2017
$6,674
-15%
$707,100
—
2016
$7,820
-2%
$705,400
1%
2015
$8,003
2%
$697,200
—
2014
$7,860
—
$695,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Kevin G. Verger | Kidder Mathews | (360) 705-2800

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12421 W Sunset Highway, Airway Heights, WA 99001 (MLS# 2444574) is a Retail property. 12421 W Sunset Highway is currently listed for $2,057,142 and was received on October 14, 2025. Want to learn more about 12421 W Sunset Highway? Do you have questions about finding other Retail real estate for sale in Airway Heights? You can browse all Airway Heights real estate or contact a Coldwell Banker agent to request more information.

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