324 N CORBIN RD Post Falls Idaho 83854

Vacant Land for Sale
Catylist Listing ID: 29978689
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 4.21 Acres
Sale Price: $685,000
Unit Price: $162,707 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

Excellent location 4+ acres multi-family development site and priced to Sale recently rezoned to R-3 which allows up to 21 townhouses or 18 apartments per acre. At approximately 75 units. Water, power, phone, gas are all to the site. Property also includes a nice 1,687 Sqft Custom House built 2009 with hardy plank siding, granite counter tops, hardwood floors, great custom house and with a newer 6 stall horse barn with lean to's , 40' x 60' shop with extra storage in the shop to help develop the R-3 Multi Family site (which could serve as a rental office in the future). Sewer is in close proximity. Additional $1,800 per month income for the house rental. Great investment for development.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Tax ID/APN: 104507
Property Located Between: Located on I-90, accessed from Corbin Road just off Pleasant View Road. Property is located at the south end of Corbin, on the east side of the street.
Property Visibility: Excellent
Soil Type: Mixed

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,193 44,331
Median Age: 34.03 35.05
Households: 8,190 16,273


Photograph of Listing Agent

Dan R. Johnson

Windermere Commercial
NWCRE Member
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