10031 N Aero Dr, Hayden, Idaho

$3,500,000

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2,294

Square feet

0.83

Acres

About 10031 N Aero Dr

Under the permit approval of the City of Hayden, this high visibility corner lot located across the street from the Stancraft Boat Company (anchor tenant in the area)is being developed as a Custom Home Builder / Model Complex.This unique business opportunity has been planned and marketed to the needs of the largest sector of the North Idaho real estate customer base.The Business Plan includes 3-4 model homes on display for the public to view. Currently, the models are being designed in (3) different building styles. Log Homes, Timber Frame Structures and Cedar Panel Homes.This business includes exclusive and territorial rights to custom home building packages and was designed to combat the Post Covid supply chain issues.In addition, the business includes a dealership representation of one of the finest lines of steel siding in the country. This line of siding is local to the US and offers tremendous opportunity as a stand alone business.According to The Housing Availability and Affordability Study for Kootenai County, December 2021...there is a limited supply of homes with a sharp increase in demand in all sectors of the housing industry. In the category of "Work Force Housing", ($350-550K) there is almost no inventory. Regional employers cannot find housing for their employees and many positions are unfilled. New potential firms may not relocate to the county due to the high cost of housing. Many long-term residents are being squeezed out of the housing market and moving outside the county. The children of residents will be unable to live in the community because they cannot afford housing. Idaho experienced a 17.3% growth in population over the past decade (2010-2020), making it the 2nd fastest state in the nation. Kootenai County's population grew 23.7% over that time, making it the 3rd fastest growing county in Idaho. According to PRO BUILDER magazine, May/June 2022, establishing a NEW NOW in the Post Covid era is essential! The magazine goes on to suggest ways to improve your effectiveness as a home builder. 1-Vertically integrate your labor. Hire in-house construction crews, train them to meet your expectations for quality, cycle time and job status reporting. Pay them well with benefits. Your results will be above average. 2-Control your supply chain. Cultivate a small list of vendors that can deliver quality packaged home supplies within your regional area. 3-Get Lean. Carve out a niche in the marketplace and dominate your space and stay in your lane. Make sure your product is versatile to a wide sector of the housing demand in your area. Use pre-cut or factory-built framing packages to reduce on-site waste and costs. For the past (2) years, the property, product line and vendor relationships have been designed for the new normal as described above. According to Guarantee Rate Mortgage, (one of the largest housing lenders in the country) first time home buyers and many customers in the middle sectors of the home buyer market can not afford the $650K track housing being built in the area. If there was a company that could combine affordable land/lots with efficiently built custom homes...there would be a plethora of customers knocking down your model complex door. This specially designed custom home building company and model complex can fill that void as only one of the company's many abilities in the housing market. No other custom home builder in northern Idaho has their own model complex. The complex and the products place your company at the top of the list of credible sources for housing customers. There is no reason why this business can not achieve 10-million dollars in gross sales annually. Everything is in place for a quick start and a steady flow of interest on day one. Call for additional information.

Features of 10031 N Aero Dr

MLS® # 22-6803
Price $3,500,000
Bathrooms 0.00
Square Footage 2,294
Square Footage Builder Plans
Acres 0.83
Year Built 2022
Type Commercial
Sub-Type Business, Bld & Land
Style Single Level
Status Active

Community Information

Address 10031 N Aero Dr
Area 03 - Hayden
City Hayden
County Kootenai
State Idaho
Zip Code 83835

Amenities

View Neighborhood, Mountain

Interior

Interior Features High Speed Internet, See Remarks
Heating Hot Water, Fireplace
Has Basement No
Basement None

Exterior

Exterior Cedar, Log, Steel
Exterior Features Curbs, Landscaping, Sidewalks, See Remarks
Lot Description Corner Lot, Level, Airfield Community
Roof Comp Shingle
Construction Frame, Log Home, Post & Beam
Foundation Concrete

Additional Information

Zoning L-I
Foreclosure No
Short Sale No

Listing Details

OfficeIdaho Land & Home Sales LLC

Listing Map

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