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16125 Cloverdale - Shopping Center Development Site

10.56 Acres of Commercial Land Offered at $4,900,000 in Rathdrum, ID 83858

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Investment Highlights

10.56 acre commercial parcel
Catches traffic heading from Post Falls, Rathdrum and northern parts of Spokane County

Subject parcel sits at the entrance to a multiple brand new planned unit developments
7,900 AADT 2023 counts on Highway 53 right in front of the subject parcel, and 10,500 one block west

Executive Summary

Vacant Land for Sale. Might be able to negotiate a build to suit option. Seller prefers straight forward offer with 30 days due dilligence. See attached Will Serve letter from City of Rathdrum, and attached Land Use Table, along with Seller Property Condition Disclosure for Vacant Land. Call Robert or Mike to discuss potential offers. Will need 2 business days minimum for offer response time.

rathdrum ID - Land Use Table

Cloverdale VL Disclosure

Will Serve - 16125 Cloverdale - 6.14.24

Excerpts from Rathdrum Commercial Code

Property Facts

Price	$4,900,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Hospitality Auto Dealership Bank Bar Carwash Contractor Storage Yard Fast Food Hotel Restaurant Storefront Storefront, Retail or Office Strip Center Supermarket
No. Lots	1	Total Lot Size	10.56 AC
Property Type	Land	Cross Streets	Highway 53

Price	$4,900,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Hospitality Auto Dealership Bank Bar Carwash Contractor Storage Yard Fast Food Hotel Restaurant Storefront Storefront, Retail or Office Strip Center Supermarket
Total Lot Size	10.56 AC
Cross Streets	Highway 53

1 Lot Available

Lot

Price	$4,900,000	Lot Size	10.56 AC
Price Per AC	$464,015

Price	$4,900,000
Price Per AC	$464,015
Lot Size	10.56 AC

Description

This 10.56 acre commercial parcel is in Rathdrum, ID city limits (city services), with 7,900 AADT 2023 counts on Highway 53 right in front of the subject parcel, and 10,500 one block west. Subject parcel sits at the entrance to a multiple brand new planned unit developments on a highway that connects Rathdrum to Hayden, ID and catches traffic heading from Post Falls, Rathdrum and northern parts of Spokane County in neighboring Washington State heading to the Highway 95 corridor and beyond to destinations like Silverwood Theme Park (largest Pacific Northwest theme park), Bayview, ID on Lake Pend Oreille, Hayden Lake, Coeur d'Alene Airport and Schweitzer Mountain Ski Resort in Sandpoint. It is less than a mile from Lakeland High School and Middle School.

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PROPERTY TAXES

Parcel Number	RL6590020240	Improvements Assessment	$0
Land Assessment	$581,181	Total Assessment	$581,181

PROPERTY TAXES

Parcel Number

RL6590020240

Land Assessment

$581,181

Improvements Assessment

Total Assessment

$581,181

zoning

Zoning Code	Commercial C-2 (Highway/Service Commercial zoning is intended to provide an area for highway and service related business; to serve the motoring pub... see use table.)
Commercial C-2 (Highway/Service Commercial zoning is intended to provide an area for highway and service related business; to serve the motoring pub... see use table.)