1520 N Government Way - Showroom FOR SALE


Coeur d'Alene, ID 83814
$1,100,000 USD
864-477-4757
1520 N Government Way, Coeur d'Alene, ID for Sale
$1,100,000 USD
Showroom - FOR SALE
1/22
null | 7.64% Cap Rate

1520 N Government Way
Coeur d'Alene, ID 83814


HIGHLIGHTS

  • Heavy day time traffic
  • Optional value add with approved plans
  • Stabilized asset
  • Fully leased with long term tenant

OVERVIEW

Seize the opportunity to acquire a fully leased stabilized and renovated commercial property designated as C-17 zoning. The property has conditionally approved plans to add four flex/retail/office spaces on an already graded and cleared section. This enhancement will elevate the pro forma property value to nearly $2 million.  The 4,000-square-foot area is divided into four sections, each approximately 1,000 square feet. Section 1 is designated as a restaurant. Section 2 comprises six office space units. Section 3 serves as retail or open space. Section 4 is a storage and clean room equipped with double-loading door access. Enjoy aggressive appreciation with the addition of multiple master plan projects, such as a new Trader Joes and more within a few blocks of the property.  Recent capital improvements include: Interior and exterior paint, new siding improvements, 2025 HVAC replacement, new electrical updates, LED interior and exterior lighting, commercial dumpster enclosure, two ADU bathrooms, ADU compliant sidewalks, landscaping, and more.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

7.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stabilized flex space near new Trader Joes

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Restaurant, Showroom, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.48

LAND SF

20,909

ZONING

C-17

APN/PARCEL ID

C00000126140

ASK ABOUT THIS PROPERTY

Jace PerryDiamond InvestmentsMore Info
864-477-4757

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Jace PerryDiamond InvestmentsMore Info
864-477-4757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.