614 Seltice WayPost Falls, ID 83854

Property Details for 614 Seltice Way

Year built

1970

Construction

METAL FRAME

Lot size

0.69 AC

Property size (Sq ft)

7,910 SF

Property type

Office properties

Property subtype

Other office properties

APN

P4200001004B

APU

P4200001004B

Description

This exceptional two-story, 7,910 square foot Class B office building presents a unique investment opportunity in the thriving Post Falls, Idaho market. Built in 1970, the property boasts a convenient location on Seltice Way, directly adjacent to Walgreens, ensuring high visibility and accessibility. The building features a mix of medical and traditional office tenants, creating a diverse and stable occupancy profile. Currently, 1,165 square feet of space is available for lease, including one immediately available 660 square foot suite, ideal for a variety of businesses. The 0.69-acre lot provides ample parking for tenants and visitors, complemented by excellent signage opportunities. The building's strategic location offers easy access from 6th Avenue, enhancing its appeal to both employees and clients. This property represents a strong investment opportunity due to its prime location, existing tenant base, and available space. The building's multi-tenant structure provides diversification and potential for future growth. The available space offers a chance to establish a presence in a bustling commercial area with high foot traffic and visibility. The combination of medical and traditional office spaces creates a dynamic and versatile environment. With its convenient location and ample parking, this property is well-positioned for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,452,428

  6.5%

  $1,340,702

  7%

  $1,244,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,686,491

  Geo Method

  $1,686,491

• Alternative Use

  Use

  Valuation

  Residential

  $1,662,471

  Hospitality

  $1,522,814

  Educational

  $1,266,964

  Medical

  $1,310,537

  Retail

  $1,970,833

Location Insight

City

Post Falls

County

Kootenai

State

Idaho

Latitude

47.7137

Longitude

-116.939

CBSA code

17660

CBSA name

COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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