602&606 N Government Way, Coeur D'alene, ID 83814

$1,589,000 Asking Price

6 beds
3 baths
4,106  sqft
Built in 1916

PRICE REDUCTION on this excellent investment/development opportunity on contiguous 602 & 606 N Government Way properties in CDA that encompasses 0.31 acres within the DO-N (Downtown - North) Overlay District. Options include personal or rental use with a history of +$4100/month income, or for the developer: utilizing Infill Design Standards found on the City of CDA's website under ''Planning Dept.'- this property is potentially open to development (with bonuses) up to an allowable 2.0 multiplier (FAR) floor area ratio. On 0.31 acres, this can amount up to 27,000 SF of livable area that can be developed, minus floor area dedicated to parking, elevators, & other variables. This DO-N Overlay district FAR calculation places no restriction on the number of units that can be built, as long as acceptable SF is not exceeded & the maximum building height of 45 ft is not exceeded. Check with the city as you are encouraged to bring your vision and plans to bear on this excellent opportunity.

Features & Amenities

Interior

General:
Cable TV, Fireplace, Smart Thermostat
Appliances:
Gas Water Heater, Refrigerator, Range/Oven - Gas, Disposal, Dishwasher
Basement:
Cellar
Flooring:
Vinyl, Carpet
Heating:
true, Cadet, Natural Gas, Wood, Fireplace(s), Ductless

Exterior

General:
Covered Porch, Fencing - Partial, Garden, Landscaping, Open Patio, Sidewalks, Sprinkler System - Front, Lawn

Construction

Roofing:
Shake
General:
Lap Siding, Frame, Brick/Mortar, Concrete Perimeter

Location

Road/Access:
Paved
Originating MLS:
Coeur d'Alene Multiple Listing Service
School District:
CDA - 271
County:
Kootenai

Lot

Zoning:
CDA - R17, BLACKWELL PARK ADD, LT, 5&6 BLK 2 1350N04W and BLACK PARK ADD, LT 4 BLK 2 1350N04W, C9765002005A
View:
Lake, Neighborhood

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Coeur d'Alene Multiple Listing Service

This listing courtesy of:
Keller Williams Realty Coeur d'Alene

About Coeur D Alene, ID

Housing

Number of Units
31,047
Median Home Value
$325,711
Median Rent
$917

41.18% of housing units are renter occupied.

7.26% are vacant.

Commute

Car
71.81%
Public Transportation
0.45%
Walk to Work
1.72%
Work from Home
24.75%
Other
0.55%

The median travel time to work is 15 minutes.

People

Population
67,317
Median Age
40.70
Median Household Size
2.54

Education

High School
25.40%
Associate’s Degree
11.50%
Bachelor’s Degree
18.50%
Graduate Degree
11.59%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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