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. THE CAP RATE IS 5.94% ON THE CURRENT NET INCOME FROM FRONT PORTION OF PROPERTY. THE REMAINING VACANT LAND IS VALUED AT $10.00/SQ FT ANDOFFERS MANY VIABLE DEVELOPMENT POSSIBILITIES – STORAGE UNITS, MULTI-TENANT WAREHOUSES, BOAT & RV STORAGE, OFFICE OR RETAIL OR ???. SELLER WILL CARRY $600,000 (TERMS TBD) FOR ONE YEAR OR UNTIL BUYER SECURES A BUILDING PERMIT, WHICHEVER OCCURS FIRST.PROPERTY IS CURRENTLY ON SEPTIC – SEWER LID FEE HAS BEEN PAID. FUTURE DEVELOPMENT WILL DETERMINE COST OF INSTALLING SEWER.
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
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