Downtown Commercial/Residential Land

Vacant Land for Sale
Catylist Listing ID: 30166007
Property Subtypes: Multi-Family, Office, Retail, Vacation/Resort, Other
Gross Land Area: 79,000 SF
Sale Price: $1,200,000
Unit Price: $15.19 PSF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

Rare assemblage of downtown parcels now available for purchase and development. Existing building on site is fully rented (month to month) and generates some income, but the true value is in the land. Priced at $15/SF. Seller is willing to be creative and consider seller financing, joint venture, extended escrow period, etc. for qualified buyer.

Additional Details

Nearest MSA: Sandpoint
County: Bonner
Taxing Authority: Bonner County
Tax ID/APN: Multiple
Zoning: COMMERCIAL / RESIDENTIAL
Property Located Between: Superior / Highway 95 / 1st
Property Visibility: Excellent
Largest Nearby Street: Superior
Highway Access: One block off Highway 95 (Long Bridge)
Site Description: Approx 1.79 acres (77,972+/- SF) of commercial/residential zoned land located at the entrance to Sandpoint, Idaho. Although improved with a fully occupied office building, the real value of this site is in the underlying land. Its rare to find something of this size in downtown Sandpoint! Pictures at approximately 30' elevation reflect incredible views of the Long Bridge, Lake Pend Oreille and the Pend Oreille River. A mixed use commercial/residential development on the site is likely with the present zoning.
Area Description: This property is located on the south side of Superior Street, just off the main exit on Highway 95 leading into Sandpoint, Idaho. Sandpoint, Idaho is one of the most scenic towns in Northern Idaho, roughly an hour northeast of Spokane, Washington and 90 minutes south of the Canadian border. Sandpoint is known for its location on Lake Pend Oreille (summer attraction) and Schweitzer Mountain Ski Resort (winter attraction). Additionally the City is building a name for a diverse economic base ranging from timber and forestry to high tech/web based to avionics and medical sciences.
In Flood Plain?: Yes
Topography: Level
Easements Description: Standard easements
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,139 9,010 14,572
Median Age: 38.18 39.1 40.05
Households: 1,876 3,926 6,093

Contact

Photograph of Listing Agent

Chris Schreiber, CCIM

Kiemle & Hagood Company NWCRE Member
© Copyright Coeur d'Alene Traders Club. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Coeur d'Alene Traders Club nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.