Exceptional Investment and Development Opportunity in Spokane! Ideally located just off Highway 160, 118-140 Palmetto Road offers tremendous potential for investors, developers, and builders alike. This unique multi-family property currently features three mobile homes, providing an opportunity for existing rental income while offering exciting possibilities for future development. With potential for a county-approved subdivision, the property presents an opportunity to maximize land value and explore additional residential development options, subject to applicable approvals and due diligence. Multiple septic tanks are already in place for hookups, and Liberty Utilities are on site, with city water and power available. The convenient highway access and desirable location add to the property's investment appeal. Whether you're looking to expand your rental portfolio, develop additional residential homes, or capitalize on the potential to subdivide, this versatile property offers a rare combination of existing improvements, utility infrastructure, accessibility, and future possibilities. Bring your vision and unlock the potential of this outstanding investment opportunity!
Active
$225,000
118-140 Palmetto Road, Spokane, MO 65754
--beds
--baths
--sqft
Mobile Home Park
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 23 hours
- 63
- 4
Zillow last checked:
Listing updated:
Listed by:
Philip Reed 417-531-2391,
Century Realty, SIQ, Inc.
Source: SOMOMLS as distributed by MLS GRID,MLS#: 60338203
Facts & features
Interior
Heating
- Forced Air, Central
Cooling
- Window Unit(s)
Features
- Apply To All Units
- Flooring: Carpet
Property
Parking
- Parking features: Two or More
Lot
- Size: 4.37 Acres
Details
- Parcel number: 200.613002004003.006
- Zoning: Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mobile Home Park
Materials
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer, Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Separate Meters, Sewer Available
Community & HOA
Community
- Subdivision: N/A
Location
- Region: Spokane
Financial & listing details
- Annual tax amount: $618
- Date on market: 11/11/2026
- Listing terms: Cash,1031 Exchange,Conventional
- Total actual rent: 700
- Tenant pays: All Utilities
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2026 | Listed for sale | $225,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 65754
Nearby schools
Schools provided by the listing agent
- Elementary: Highlandville
- Middle: Spokane
- High: Spokane
Source: SOMOMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




