114 Neider AveCoeur d'Alene, ID 83815

Property Details for 114 Neider Ave

Year built

2006

Lot size

0.15 AC

Property size (Sq ft)

1,437 SF

Property type

Other commercial real estate

APN

CJ3650001140

APU

CJ3650001140

Description

This exceptional Coeur d'Alene investment opportunity presents a 1,437 square foot commercial condo, ideally suited for a dental practice. Currently leased to a dentist under a five-year agreement (with a five-year option), the property boasts a strong 6% cap rate. The lease includes a 3% annual rent increase, starting at a base monthly rent of $2,500 (year one). The tenant is responsible for property taxes, building insurance, HOA dues, and all utilities, resulting in a total monthly payment of $3,131. The space underwent a complete remodel in 2024 and is situated in a beautiful building with excellent curb appeal and ample parking. Located at 114 W Neider Ave, Coeur d'Alene, ID 83815, on a 0.15-acre lot, this property offers a hassle-free investment with a solid, long-term return. The property is zoned for commercial use and features ground floor accessibility. This is a turnkey investment opportunity with a proven track record and a secure tenant in place. The property's prime location in Kootenai County ensures high visibility and accessibility for clients. This is an excellent opportunity for investors seeking a stable and profitable addition to their portfolio. The asking price for this exceptional property is $475,000.

Location Insight

City

Coeur D Alene

County

Kootenai

State

Idaho

Latitude

47.7069

Longitude

-116.787

CBSA code

17660

CBSA name

COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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