Opportunity Zone Redevelopment Property

Vacant Land for Sale
Catylist Listing ID: 30496264
Gross Land Area: 11.60 Acres
Sale Price: $4,249,228
Unit Price: $366,249 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

11.602 acres sitting in the downtown core of Post Falls, ID located in a designated Opportunity Zone. The future of this community is up for grabs as this parcel will offer a key pivot for the community for decades to come. Property is offered at $7.25 PSF with no value attributed to any buildings other than the 5,320 SF office which can be put to good use. Currently zoned a mix of Smart Code 4 and Heavy Industrial with an application currently flowing through to City of Post Falls to convert all Heavy Industrial to Smart Code 5. All major utilities service the property. Eventual roundabout or signalized corner to be installed at the intersection of 4th and and Seltice. Additional properties available.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Tax ID/APN: P-6900-015-001-A
Zoning: MIXED USE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,997 27,444 54,528
Median Age: 34.73 34.36 35.13
Households: 2,284 10,213 20,063

Contact

Photograph of Listing Agent

Daniel Davis

Coldwell Banker Commercial
NWCRE Member
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