1520 N Government Way, Coeur d'Alene, ID

$1,490,000

Previous Next

4,032

Square feet

0.48

Acres

About 1520 N Government Way

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.

Features of 1520 N Government Way

MLS® # 22-10673
Price $1,490,000
Bathrooms 0.00
Square Footage 4,032
Acres 0.48
Year Built 1978
Type Commercial Sale
Sub-Type Comm'l Bldg w/Land
Style Single Level
Status Active

Community Information

Address 1520 N Government Way
Area 01 - Cd'A Urban/Dalton
City Coeur d'Alene
County Kootenai
State ID
Zip Code 83814

Amenities

Parking Paved Parking
View City, Territorial
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Lot Description Level, Corner Lot
Roof Aluminum

Additional Information

Zoning CDA-C-17
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Coeur d'Alene

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?