Retail/Office Building on Busy Seltice Way

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30025571
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Status: Pending
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.59 Acres
Sale Price: $550,000
Unit Price: $65.48 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/10/2018

Overview / Comments

Multi tenant income property. This 8,400 sf retail/office building is 100% occupied with great parking and is located on busy Seltice Way in an area with an expanding population. Priced at a true 8.5% Cap rate, calculating in 5% for vacancy, 4% for management and 1% for reserves.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: McGuire and Corbin Roads
Property Visibility: Excellent
Largest Nearby Street: Seltice Way
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1986
Roof Type: Arched
Construction/Siding: Block
Parking Type: Surface
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable, Dialup
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,296 20,098 44,331
Median Age: 34.22 33.72 35.05
Households: 1,646 7,514 16,273
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