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3 Beds
2 Baths

$549,000

1529 W 1st Ave, Cheney WA, 99004

Price per sqftN/A
Built in1976
Property typeResidential
Courtesy of Upward Advisors, John Leland Listing Contact: 509-808-0302

Overview

Active

New

Listed Oct 20, 2026

Updated 2 days ago

Room to build your vision, with income already in place. This 1976 3 bed, 1.5 bath home sits on approximately 5.59 acres of C-2 General Commercial land along W. 1st Street in Cheney, and it is leased through February 2027 so it generates income while you plan. Imagine a contractor headquarters with a big shop for trucks, tools and materials, a garden center or landscape supply yard filled with seasonal color, or a mini-storage and RV storage facility serving Cheney's students and nearby neighborhoods. Two parcels and 3-phase power at the NW side make it practical to start small and grow in phases. Minutes to EWU and about 19 miles to downtown Spokane, with easy highway access. All uses subject to City of Cheney approval. Receivership sale, subject to court approval and sold as-is. Buyer to verify utilities, zoning and intended use through a pre-development meeting with the City of Cheney.

$3,653/mo

Est. mortgage payment based on a $549,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202626021

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
5.59 Acres

Other Property Details

Taxes
$5,542
Tax Frequency
Annually
View
Yes
Municipality
23

Listings courtesy of WA - Spokane Association of REALTORS (SAR) as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Eva Scherer shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 2:48 AM UTC on 10/22/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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