602 N GOVERNMENT WAY, Coeur D'alene, ID 83814

• 3 beds |
• 2 baths |
• 2,162 sqft

Property 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!

Listing Status:

Active

Date Added:

June 17, 2025 at 05:00AM

Listing Office:

kelly right real estate : 509-489-7000

MLS ID:

25-6221

Interior

• General: FireplaceCable Internet Available
• Appliances: RefrigeratorDishwasherDisposalGas Water HeaterElectric Range
• Basement: UnfinishedCellar
• Flooring: VinylCarpet
• A/C: Central Air
• Heating: Forced AirCadetNatural GasWood

Exterior

• General: Lawn

Construction

• Roofing: WoodShake
• General: FrameLap SidingBrick/MortarConcrete PerimeterPillar/Post/Pier

Location

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

Lot

• Zoning: CDA R-17BLACKWELL PARK ADDLT 5 & 6 BLK 2 1350N04WC0765002005A
• View: CityNeighborhood

Utilities

• Water: Public

Financial

• Source: Coeur d'Alene Multiple Listing Service

This listing courtesy of kelly right real estate