602 GOVERNMENT WAY
Coeur d'Alene, ID 83814
2162 sqft | 3 beds | 2 baths | 0.20 acres | #25-6221
Description
INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d'Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45' maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit... that's 12 total units! No CC&R's or HOA's. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants... all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don't hesitate to capitalize on this opportunity!
Property Details
- Exterior MaterialsCovered Patio, Covered Porch, Curbs, Landscaping, Paved Parking, Sidewalks, Sprinkler System - Front, Lawn
- FoundationBrick/Mortar, Concrete Perimeter, Pillar/Post/Pier
- InteriorCable Internet Available, Central Air, Fireplace
- Lot DescriptionCorner Lot, Level, Open Lot
- Property SubtypeSite Built < 2 Acre
- BasementUnfinished, Cellar
- ViewCity, Neighborhood
- Sewer InformationPublic Sewer
- Original List Price$1,125,000
- School DistrictCDA - 271
- Property TypePurchase
- CountyKootenai
- MLS #25-6221
- Cost1125000
- MLS #25-6221
- Utility SourcePublic
- Square Feet2162
- Year Built1916
- Acres0.2
- SubdivisionN/A
- Bedrooms3
- Bathrooms2
Location
Legal
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Last Updated: . Source: CDMLS
Listing Courtesy
Listing Agent: Ryan Schuster (#3188)
Listing Office: Kelly Right Real Estate (#SOL)
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