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1520 N Government Way

Coeur d'Alene, ID 83814
  • $1,490,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: 22-10673
Price Reduced
UPDATED: 29 min ago
$1,490,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,032
    SQFT
  • $370
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

Blocks from downtown CDA! This is a rare opportunity to purchase a fully renovated, cash-flowing, mixed-use commercial property with conditionally approved plans to add additional square footage (4-flex units) to an already graded and cleared section on the property. The current tenant is NNN with 6 years remaining on their lease (3.5% ANN increase). Current cap rate is 6% and the new addition increases the value to $2,500,000 based on market lease rates. Across the street is a new mixed-use retail/apartment project that is 50% complete, which is drawing more attention to the immediate area while increasing property values. This 4,000 SF building has a cafe, 6 offices, a retail section, and storage. The new proposed building is 4 flex units and plans can be sent over upon request.Reach out to the listing agent for any questions concerning the lease and profits.

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© 2022 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Windermere Coeur d'Alene Realty.Data last updated: 2022-12-09T18:04:23.087.
www.coeurdalenerealestate.com/homes/134417359
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1520 N Government Way Coeur d'Alene, ID 83814

  • Price: $1,490,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 29 min ago
  • ID#: 22-10673
0
Beds
0
Baths
0
½ Baths
0.48
Acres
4,032
SQFT
$370
$/SQFT
1978
Built
Neighborhood:
01 - Cd'a Urban/Dalton
County:
Kootenai
Area:
01 - Cd'a Urban/Dalton
Property Description
Blocks from downtown CDA! This is a rare opportunity to purchase a fully renovated, cash-flowing, mixed-use commercial property with conditionally approved plans to add additional square footage (4-flex units) to an already graded and cleared section on the property. The current tenant is NNN with 6 years remaining on their lease (3.5% ANN increase). Current cap rate is 6% and the new addition increases the value to $2,500,000 based on market lease rates. Across the street is a new mixed-use retail/apartment project that is 50% complete, which is drawing more attention to the immediate area while increasing property values. This 4,000 SF building has a cafe, 6 offices, a retail section, and storage. The new proposed building is 4 flex units and plans can be sent over upon request.Reach out to the listing agent for any questions concerning the lease and profits.
Exterior Features

Additional Buildings Storage Construction Frame Exterior Vinyl Exterior Features CurbsHandicap AccessLightingPaved ParkingSidewalks Lot Features Corner LotLevel Lot Type Commercial Road PavedPublic Maintained Road Roof Aluminum Style Single Level View CityTerritorial

Interior Features

Basement No Basement Description None-Slab On Grade Foundation Concrete Fuel Gas Heat Forced AirStove - Gas Interior Features Central AirHandicap FacilityHandicap RestroomsHardwood FloorsHigh Speed InternetSee Remarks

Property Features

Business Type Comm'l Bldg W/Land Business Type1 See Remarks Equipment Included Negotiable Inventory Included Negotiable Inventory List Available Yes New Construction No Property Subject To No Remodeled No REO No Sewer City Sewer Short Sale No Sq Ft Source Assessor Subject To CCRs No Subject To HOA No Tax Year 2021 Taxes 5.74 Taxes Reflect Exempt Terms 1031 ExchangeCashConventional Water City Zoning Cda-C-17

Listing provided courtesy of Keller Williams Realty Coeur D'alene: (208) 667-2399.

© 2022 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Windermere Coeur d'Alene Realty.Data last updated: 2022-12-09T18:04:23.087.
 
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Windermere Coeur d'Alene Realty
1000 Northwest Blvd.
Coeur d'Alene ID, 83814