Estate / Development / Investment Property - Idaho
IDEAL REAL ESTATE INVESTMENT PROPERTY for estate, division into 16 lots or development of 24 unit housing development. Eight acres located within the city limits of beautiful Sandpoint, Idaho. AT THE BASE OF SCHWEITZER MOUNTAIN RESORT and near Lake Pend O'reille. Location does not get much better than this. Property is zoned Residential A. Beautifully forested with a Class A clean water trout stream running through the property. Wildlife including deer, moose and bald eagles. Ideal estate piece or to develop housing units. Can build up to 24 cottage houses or subdivide the property and sell lots. City water and sewer. This is one of the last development properties of its size within the city limits. Build your dream home, second home and/or guest cabins.
AMONG THE SAFEST PLACES TO LIVE IN THE UNITED STATES.
Sandpoint is a very friendly, relaxed town. Great for people who love fresh air, clean water and nature. The area is very conservative in a deep red state. Property taxes are low. Crime rate is low. Activities include skiing, water sports, live music, performing arts, fine dining, etc. A great place to raise a family, retire, build a getaway, fallout shelter or just invest in property that is rapidly appreciating in value. A rare find in the gem state.
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price $5,600,000
Cap Rate Available On Request
Additional Details
Street Address Jenny Lane
Percent Occupied 0%
Land Area 8.00 Acres
Zoning Residential A
Deal Terms
Who is Listing the Property? Owner
Broker Co-Op? No
Seller Financing Available? No
Seller Willing To Lease? No
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