5851 Highway 53 Rathdrum, ID 83858
This exceptional 2.95-acre commercial land parcel presents a unique investment opportunity in the rapidly expanding city of Rathdrum, Idaho. Located at 5851 W Hwy 53, this property boasts a highly desirable C-2 zoning designation, making it ideal for a wide range of commercial developments. The site is exceptionally well-prepared, representing significant cost savings for the buyer. All necessary services, including sewer, are readily available at the site, making this a truly "shovel-ready" project. A substantial investment has already been made in site preparation, including the complete removal of topsoil and the construction of a commercial approach from Highway 53, estimated at approximately $450,000. This significant infrastructure investment eliminates considerable upfront costs and accelerates the development timeline. Highway 53 serves as a major arterial route connecting Rathdrum to Highway 95, ensuring excellent visibility and accessibility. Rathdrum's position as one of Idaho's fastest-growing cities guarantees strong future demand and appreciation potential. The property's APN is RL8560080020. The asking price for this ready-to-develop parcel is $1,640,452. Don't miss this chance to capitalize on the growth and potential of Rathdrum.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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