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1110 E Polston Avenue, Post Falls, ID 83854 (MLS# 23-7862)

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1110 E Polston Avenue, Post Falls, ID 83854

$1,600,000
Property Type: Commercial Square Footage: 10,280 Lot Size (sq. ft.): 30,056 Status: Pending
Current Price: $1,600,000 List Date: 8/21/2023 Last Modified: 4/09/2024

Description

Building offers 2,500 square foot suite ready for an Owner/User with a full basement. And a second 2,500 leased suite, currently leased by Post Falls Musical Academy. Each suite also includes a full 2,500 basement storage space. PFMA is in Year 4 of a 5 year lease; paying $3,275/month modified gross; with an option for an additional 5 years with annual increases. There is also one basement storage space leased at $500/mo on a month-to-month basis. Vacant 2,500sf suite features a full basement, 6-7 exam rooms with sinks/water, a large entry lobby area, conference/work area, and an admin office. Built in 1996, the building has been updated and improved throughout the current ownership. This professional medical office building in the heart of the Post Falls Medical District, and Retail Area. Convenient location near Interstate 90 Interchange, and easy access to Highway 41 and Seltice Way Commercial Corridor. Building is in close proximity to Kootenai Health & NW Specialty Hospital

More Information MLS# 23-7862

Contract Information

Status: Pending Listing Type: Comm'l Bldg w/Land Area: 02 - Post Falls Neighborhood Grid #: 158 Begin Date: 2023-08-21 List Price: $1,600,000 Under Contract Date: 2024-04-09 Non-Agent Compensation Type: % Buyer Agency Compensation: 3 Buyer Agency Compensation Type: % Short Sale: No REO: No

General Property Description

Building Style: Office Building Basement: Yes Year Built: 1996 Remodeled: No New Construction: No Total #/Bldgs: 1 Total SqFt.: 10280 SqFt. 1: 5140 ESTIMATED SqFt Source: Estimated Lot Acres: 0.69 Lot Type 1: Commercial Business Type: Service Realtor.COM Type: Commercial

Legal and Taxes

Legal: FIRST SECURITY PLAZA LT 2 BLK 1 EX W 100 FT AIN/Tax Bill: 198360 Parcel Number: P2500001002A Zoning: CCS Directions: Interstate 90 to Post Falls Exit 6 to Seltice Way to North on Goude Street, Right on Polstone Avenue to 1110 E. Polston Avenue. Taxes: 5497.7 Tax Year: 2022 Taxes Reflect 1: No Exemptions

Remarks

Public Remarks: Building offers 2,500 square foot suite ready for an Owner/User with a full basement. And a second 2,500 leased suite, currently leased by Post Falls Musical Academy. Each suite also includes a full 2,500 basement storage space. PFMA is in Year 4 of a 5 year lease; paying $3,275/month modified gross; with an option for an additional 5 years with annual increases. There is also one basement storage space leased at $500/mo on a month-to-month basis. Vacant 2,500sf suite features a full basement, 6-7 exam rooms with sinks/water, a large entry lobby area, conference/work area, and an admin office. Built in 1996, the building has been updated and improved throughout the current ownership. This professional medical office building in the heart of the Post Falls Medical District, and Retail Area. Convenient location near Interstate 90 Interchange, and easy access to Highway 41 and Seltice Way Commercial Corridor. Building is in close proximity to Kootenai Health & NW Specialty Hospital

Address

Street Number: 1110 Street Direction Pfx: E Street Name: Polston Avenue State/Province: ID Postal Code: 83854 County: Kootenai

Property Subject To

CC&Rs: No BID: No Non-Mtg Lien: No LID: No Flood Zone: Unknown Aircraft Flight Zone: Unknown Fire Protection Dist: Yes Fire Protection Name: Post Falls

Miscellaneous

Sec: 2 Twn: 50 Rng: 5 Rng Dir: WBM

Business Info

Inventory List Available?: No Inventory Included in Sale Price?: No Equipment Included in Sale Price?: None Confidential from Employees?: No Monthly Lease Amount: 3275

Property Features

View: Mountain(s) Lot Features: Level Interior Features: Central Air; Extra Storage; Handicap Restrooms; Security System Exterior Features: Curbs; Fencing - Partial; Landscaping; Lawn; Lighting; Paved Parking; Sidewalks; Sprinkler System Common Walls: 2+ Common Walls Fuel: Gas Heating: Forced Air Basement: Part Finished Construction: Frame Foundation: Concrete Exterior: Brick Roof: Comp Shingle Road: Paved Sewer: City Sewer Terms Considered: 1031 Exchange; Cash; Conventional; Seller Financing
Listing Office: Coldwell Banker Schneidmiller Realty
Last Updated: April - 09 - 2024

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