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5729 E Marine Dr 3,930 SF Specialty Building Offered at $10,000,000 in Post Falls, ID 83854
INVESTMENT HIGHLIGHTS
- 3 Riverfront Parcels
- Developable Acreage
- Marine Railway in Place since the 1950's
- Marine Shop with Multiple Docks
- Less than 6 Miles Upriver to Lake Coeur d'Alene
- Deep Water Perfect for Pulling out Oversized Marines
EXECUTIVE SUMMARY
Rare Waterfront Commercial and Development Opportunity! For the first time on the market-- just under 11 acres, composed of three separate Spokane Riverfront parcels. Located under 10 miles from the mouth of Lake Coeur d'Alene. The property is currently home to Lake City Marine, a fully operational boat repair facility with multiple docks and buildings. This site boasts some of the deepest water on this side of the river, making it a site capable of launching and hauling large vessels and luxury yachts on the Spokane River. The marine railway has been successfully utilized since the 1950's. Immediate income potential for your marine operation. Prime development possibilities through city annexation, with the potential for 50+ buildable lots. The three parcels are zoned residential, however, one is taxed and utilized as commercial. This location is historically noted as the original construction and launch site of the Mish-an-nock tour boat in 1968.
Two small rental homes and one rented space are currently contributing to the property's monthly revenue.
Two small rental homes and one rented space are currently contributing to the property's monthly revenue.
PROPERTY FACTS
| Price | $10,000,000 | Lot Size | 10.85 AC |
| Price Per SF | $2,544.53 | Building Size | 3,930 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | Residential - The 3 parcels are zoned residential. One parcel is taxed and utilized as commercial for over 40 years. APN #s 50N05W123385, 50N05W123410, 50N05W12 | ||
| Price | $10,000,000 |
| Price Per SF | $2,544.53 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 10.85 AC |
| Building Size | 3,930 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | Residential - The 3 parcels are zoned residential. One parcel is taxed and utilized as commercial for over 40 years. APN #s 50N05W123385, 50N05W123410, 50N05W12 |
AMENITIES
- Waterfront
PROPERTY TAXES
| Parcel Number | 50N05W123385 | Improvements Assessment | $65,260 |
| Land Assessment | $1,693,039 | Total Assessment | $1,758,299 |
PROPERTY TAXES
Parcel Number
50N05W123385
Land Assessment
$1,693,039
Improvements Assessment
$65,260
Total Assessment
$1,758,299
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5729 E Marine Dr
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