Average square foot calculated using Size range provided by listing agent.
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!Show Description