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    Diamond Ml Rd Oldtown, ID 83822

    For Sale
    $520,000

    Prime Oldtown commercial lot, ideal for retail or lodging.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1.49-acre commercial land parcel in Oldtown, Idaho (APN 3150000030A) is offered at $520,000. Located on Old Diamond Mill Road, this highly visible property boasts excellent access to State Highway 2 (Selkirk Loop), a major thoroughfare with an average daily traffic count of approximately 11,500 vehicles. The site benefits from existing infrastructure including water, sewer, electricity, and phone/fiber optic service, with 3-phase power readily available. A loop access easement ensures convenient access from Old Diamond Mill Road. This property is zoned commercial and is situated in a growing commercial core, serving Oldtown, Newport, WA, and Priest River, ID. Its strategic location provides easy access to popular Lake Resort communities on Priest Lake and Pend Oreille. The property's proximity to the Pend Oreille River and a municipal boat launch adds further appeal. Nearby established businesses include Nomad Coffee, Selkirk ACE Hardware, O'Reilly Auto Parts, Family Dollar, Tractor Supply, Super 1 Foods, and Albeni Falls Building Supply. Recorded CC&Rs are in place, dated August 2022. Potential uses include retail centers, lodging facilities, motor fuel stations, fast food/QSR establishments, and marine dealerships/storage/service centers. A ground lease may be considered. Note that this is Parcel 3

    Property Features for 0 Diamond Ml Rd

    General Information

    Property type
    Land
    Lot Size
    64,904 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oldtown
    County
    Bonner
    State
    Idaho
    Longitude
    -116.9962233
    Latitude
    48.1419401

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Oldtown commercial lot, ideal for retail or lodging.
    Where is this land located?
    The property is located at Diamond Ml Rd Oldtown, ID.
    What is the asking price?
    The asking price for this property is $520,000.
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    Diamond Ml Rd Oldtown, ID 83822
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    Oldtown, ID 83822
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Diamond Ml Rd Oldtown, ID 83822
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