Description
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 encouragedto bring your vision and plans to bear on this excellent opportunity.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
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4,106SQFT
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$608$/SQFT
School Ratings & Info
Description
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 encouragedto bring your vision and plans to bear on this excellent opportunity.
© 2023 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. 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 is deemed reliable but is not guaranteed accurate by the MLS or Flerchinger Realty Group - Keller Williams Realty Coeur d'Alene.Data last updated: 2023-03-27T00:02:34.407.