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602&606 N Government Way Coeur d’Alene

$1,699,000

0.31 acres

6 beds

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.

Property Details

Price:
$1,699,000
MLS #:
24-6120
Status:
Active
Beds:
6
Baths:
2.5
Address:
602&606 N Government Way
Type:
Single Family
Subtype:
Site Built < 2 Acre
Subdivision:
Blackwell Park
Neighborhood:
01 – Cd’A Urban/Dalton
City:
Coeur d’Alene
Listed Date:
Jun 24, 2024
State:
ID
Finished Sq Ft:
4,106
Total Sq Ft:
4,106
ZIP:
83814
Lot Size:
13,504 sqft / 0.31 acres (approx)
Year Built:
1916

Schools

School District:
CDA – 271

Interior

Appliances
Gas Water Heater, Refrigerator, Range/ Oven – Gas, Disposal, Dishwasher
Flooring
Vinyl, Carpet
Heating
Cadet, Natural Gas, Wood, Fireplace(s), Ductless

Exterior

Construction Materials
Lap Siding, Frame
Exterior Features
Covered Porch, Fencing – Partial, Garden, Landscaping, Open Patio, Sidewalks, Sprinkler System – Front, Lawn
Roof
Shake

Financial

Tax Year
2023
Taxes
$6,169

Map

Agent Details

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Kirstin@kirstindarry.com