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602 & 606 N GOVERNMENT WAY Coeur d'Alene, ID 83814

$2,495,000

Listed By Keller Williams Spokane, Karene Loman

5

Bedrooms

3

Total Baths

Full Baths

4,106

Square Feet

0.31

Acres

1916

Year Built

Active

Status

MLS#

22-3831

ATTENTION INVESTORS AND DEVELOPERS. Here is an excellent opportunity to acquire both 602 and 606 N Government Way in Coeur d'Alene. Sold as is, these contiguous properties make up 0.31 acres within the DO-N (Downtown-North) Overlay District. Utilizing Infill Design Standards found on the City of Coeur d'Alene's website under ''Planning Department'', 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 ''on grade'' parking, elevators, and 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 and the maximum building height of 45 ft is not exceeded. Be aware that subterranean parking is a possible option that will not impinge on total floor area computation. With this in mind, you are encouraged to bring your vision and plans to bear on this excellent opportunity. Please contact the Listing Agent at (208)967-0084 and schedule an appointment.

Details for 602 & 606 N GOVERNMENT WAY

Year Built
1916
Parking
1
Price / Sq Ft
$608
HOA
No Info
Cooling
No Info
Heating
Yes
On Website
313 Days
Acres
0.31

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Keller Williams Spokane, (509) 458-4000

MLS# 22-3831

Updated 2:10PM - 3/20/2023

Listing Agent Karene Loman

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Coeur d'Alene Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2023 Coeur d'Alene Multiple Listing Service. All Rights Reserved.

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