16125 Cloverdale St Twin Lakes, ID 83858
- Land
- 10.56 lot acres
Current Use by Public Records
- Land
Property Details for 16125 Cloverdale St
- Lot size
- 10.56 lot acres
- Property type
- Land
Description
This exceptional 10.56-acre commercial land parcel presents a compelling investment opportunity in Rathdrum, Idaho. Located within city limits, ensuring access to city services, this shovel-ready site boasts a prime location on N Cloverdale Street, benefiting from high traffic counts exceeding 7,900 AADT (2023) directly in front and 10,500 AADT one block west on Highway 53. The property's strategic position at the entrance to several planned unit developments capitalizes on traffic flow between Rathdrum, Hayden, Post Falls, and northern Spokane County, Washington, leading to popular destinations such as Silverwood Theme Park, Lake Pend Oreille, and Schweitzer Mountain Resort. Its proximity to Lakeland High School and Middle School further enhances its appeal. Zoned C-2 Highway/Service Commercial, this versatile parcel allows for a wide range of development options, including hospitality (hotels), office space, retail establishments, banking facilities, fast food restaurants, full-service restaurants, bars, convenience stores, and more. With an 80,000+ population within a 5-mile radius and the absence of comparable hotel accommodations in Rathdrum (only an 8-room motel currently exists), this site offers significant potential for a hotel development, potentially incorporating additional amenities like a restaurant or retail space. The land is offered fee simple, priced at $4,900,000, or $10.66 per square foot. This is a rare opportunity to acquire a substantial commercial parcel in a rapidly growing area with exceptional visibility and diverse development possibilities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Twin Lakes
- County
- Kootenai
- State
- Idaho
- Longitude
- -116.867
- Latitude
- 47.8183
