1631 E SELTICE WAY, Post Falls, ID 83854 (MLS# 24-10963)

1631 E SELTICE WAY, Post Falls, ID 83854

$1,200,000

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1631-E-Seltice-Way-approx-lot-lines-0959

Property Type: Commercial Square Footage: 5,970 Lot Size (sq. ft.): 37,462 Status: Closed

Current Price: $1,200,000 List Date: 2/27/2025 Last Modified: 8/15/2025

Overview

Description

This is a prime investment opportunity to acquire a 5,970 SF commercial building on 0.86 acres in Post Falls, Idaho. Zoned Industrial, the property offers flexibility for various commercial and industrial uses. Currently a NNN lease in place with an option to renew, this asset provides an immediate income stream, making it ideal for investors seeking stable returns. Located minutes from I-90, the property offers excellent access to Post Falls' local amenities and transportation links, with proximity to Coeur d'Alene and Spokane. Post Falls is a growing community with a strong economy, offering nearby retail centers, dining, and recreational options. A great addition to any investment portfolio, this property provides long-term income potential.

Listing Details MLS# 24-10963

Contract Information

Listing Type: Comm'l Bldg w/Land
Area: 02 - Post Falls
Neighborhood Grid #: 152
Begin Date: 2024-12-03
Sold Date: 2025-08-15
Under Contract Date: 2025-06-17
Financing: Conventional Loan
Short Sale: No
REO: No

General Property Description

Building Style: Retail
Basement: No
Year Built: 1998
New Construction: No
Total #/Bldgs: Yes
Total SqFt.: 5970
SqFt. 1: 5970
ESTIMATED SqFt Source: Assessor
Lot Acres: 0.86
Lot Type 1: Commercial
Business Type: Retail
Realtor.COM Type: Commercial

Legal and Taxes

Legal: SELTICE PLAZA, LT 7 BLK 2 02 50N 05W
AIN/Tax Bill: 204646
Parcel Number: P83500020070
Zoning: Industrial
Directions: I-90 W from CDA, Take Exit 6 (Seltice Way), South on Seltice Way to property on North side of street.
Taxes: 4950.91
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Subdivision: N/A

Remarks

Public Remarks: This is a prime investment opportunity to acquire a 5,970 SF commercial building on 0.86 acres in Post Falls, Idaho. Zoned Industrial, the property offers flexibility for various commercial and industrial uses. Currently a NNN lease in place with an option to renew, this asset provides an immediate income stream, making it ideal for investors seeking stable returns. Located minutes from I-90, the property offers excellent access to Post Falls' local amenities and transportation links, with proximity to Coeur d'Alene and Spokane. Post Falls is a growing community with a strong economy, offering nearby retail centers, dining, and recreational options. A great addition to any investment portfolio, this property provides long-term income potential.

Address

Street Number: 1631
Street Direction Pfx: E
Street Name: SELTICE
Street Suffix: WAY
State/Province: ID
Postal Code: 83854
County: Kootenai

Property Subject To

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

More Information

Business Info

Inventory List Available?: No
Inventory Included in Sale Price?: No
Equipment Included in Sale Price?: None
Confidential from Employees?: No
Approx SqFt of Leased Space: 6000
Monthly Lease Amount: 6367.25

View

City: Yes
Mountain(s): Yes
Territorial: Yes

Lot Features

Landscaped: Yes
Level: Yes
Open Lot: Yes

Interior Features

Central Air: Yes
Handicap Restrooms: Yes
High Speed Internet: Yes
Storage: Yes

Exterior Features

Curbs: Yes
Handicap Access: Yes
Lawn: Yes
Lighting: Yes
Paved Parking: Yes
Sidewalks: Yes
Sprinkler System: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Private Financing Available: Yes

Road

Paved: Yes
Public Maintained Road: Yes

Water

City: Yes

Common Walls

No Common Walls: Yes

Sewer

Public Sewer: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Basement

None-Slab on Grade: Yes

Foundation

Concrete: Yes

Construction

Steel Frame: Yes

Exterior

Concrete: Yes

Roof

Rolled Comp: Yes
Rolled Rubber: Yes

Property Features

View: Mountain(s); Territorial Lot Features: Landscaped; Level; Open Lot Interior Features: Central Air; Handicap Restrooms; High Speed Internet; Storage Exterior Features: Curbs; Handicap Access; Lawn; Lighting; Paved Parking; Sidewalks; Sprinkler System Common Walls: No Common Walls Fuel: Natural Gas Heating: Forced Air Basement: None-Slab on Grade Construction: Steel Frame Foundation: Concrete Exterior: Concrete Roof: Rolled Comp; Rolled Rubber Road: Paved; Public Maintained Road Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional; Private Financing Available

Listing Office: Professional Realty Services Idaho

Last Updated: August - 15 - 2025

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