GOVERNMENT WAY INVESTMENT

Retail-Commercial for Sale
Catylist Listing ID: 30788457
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 7,000 SF
Gross Land Area: 2.34 Acres
Sale Price: $1,750,000
Unit Price: $250 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 7,000 SF
Sale Terms: Cash to Seller, Owner Financing
Average Occupancy Rate: 70
Last Updated: 11/17/2022

Overview / Comments

PARTIALLY DEVELOPED 2.34 ACRE COMMERCIAL LOT ON GOVERNMENT WAY WITH APPROXIMATELY 165 FEET OF FRONTAGE ON GOVERNMENT WAY. THE FRONT PORTION OF APPROXIMATELY ONE ACRE IS IMPROVED WITH A SEVEN UNIT OFFICE BUILDING, SHOP, SMALL HOME AND STORAGE SHED. ANNUAL GROSS SCHEDULED INCOME IS APPROXIMATELY $65,000. THE REMAINING VACANT LAND OFFERS MANY VIABLE DEVELOPMENT POSSIBILITIES – STORAGE UNITS, MULTI-TENANT WAREHOUSES, BOAT & RV STORAGE, OFFICE OR RETAIL OR ???. PROPERTY IS CURRENTLY ON SEPTIC – SEWER LID FEE HAS BEEN PAID. FUTURE DEVELOPMENT WILL DETERMINE COST OF INSTALLING SEWER.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Tax ID/APN: D-1400-36-300-AB
Zoning: COMMERCIAL
Property Located Between: HANLEY & DALTON
Property Visibility: Excellent
Largest Nearby Street: GOVERNMENT WAY/HANLEY/DALTON
Feet of Frontage: 165
Highway Access: CONVEIENT ACCESS TO HIGHWAY 95 (1/4 MILE) VIA HANLEY OR DALTON
Airports: COEUR D ALENE AIRPORT APPROX 5 MILES
Site Description: SITE CONSISTS OF APPROX. 2.34 ACRES OF LEVEL COMMERCIAL ZONED LAND WITH APPROX. 165 FEET OF GOVERNMENT WAY FRONTAGE.
Area Description: GOVERNMENT WAY IS A 4 LANE + CENTER TURN LANE AND IS THE BORDER BETWEEN DALTON GARDENS AND COEUR D ALENE. EXISTING BUSINESSES ARE A MIX OF STORAGE FACILITIES, RETAIL, AND SERVICE BUINESSES.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Year Built: 1986
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Block, Wood Siding
Exterior Description: EXTERIOR IS A COMBINATION OF PAINTED CONCRETE BLOCK AND WOOD SIDING
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: AMPLE
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: CLEAN AND WELL MAINTAINED
Zoning Description: COMMERCIAL
Lot Frontage: 165'
Lot Depth: 600+
Water Service: Municipal
Sewer Type: Septic
Land Ownership: OWNED IN FEE SIMPLE
Legal Description: DALTON GARDENS ADD HL IRR LANDS S2-TR 300 EX RW 3651N04W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,177 50,491 75,876
Median Age: 38.7 37.16 38.4
Households: 4,583 20,440 30,492

Contact

Photograph of Listing Agent

Steve Hill

Select Properties Co.
NWCRE Member
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