Kirk and Mimi Fisher | REALTORS® | 208 661-9457

702 N Florence AVE, Sandpoint, ID 83864 (MLS# 26-2887)


$3,000,000
702 N Florence AVE
Sandpoint, ID 83864
MLS# 26-2887
42253 sqft


702 N Florence AVE, Sandpoint, ID 83864
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Property Description
Rare opportunity to acquire a prime, contiguous multi-lot property in the core of Sandpoint, ideally positioned for investors, 1031 exchange buyers, and developers seeking scale, location, and flexibility. RV Park comprised of 12 city lots spanning approximately one acre, this property delivers a highly desirable land assemblage rarely available within city limits. Zoned RM (Residential Multi-Family), it offers the ability to maximize density and overall footprint in one of North Idaho's most supply-constrained markets. Whether you choose to redevelop, expand, or hold as an asset, the fundamentals are already in place. Currently operating as a well-maintained, turnkey park with 17 total units, including 9 owned units, this property has been owner-operated and meticulously cared for for 30+ years. The pride of ownership is evident throughout, with a clean, organized, and pristine park setting that supports long-term stability.

Details
Maps
Contract Information
Status: Active
Listing Type: Business, Bld & Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2026-04-01
List Price: $3,000,000
Short Sale: No
REO: No
General Property Description
Building Style: Single Level
Basement: No
Year Built: 1962
New Construction: No
Total #/Bldgs: 18
Total SqFt.: 42253
Bldg #2 Sq Ft: 500
ESTIMATED SqFt Source: Assessor
Lot Acres: 0.97
Lot Type 1: Duplex/Multi
Business Type: Mobile Home Park
Realtor.COM Type: Commercial
Legal and Taxes
Legal: Exhibit A
AIN/Tax Bill: RPS0500004013AA
Parcel Number: RPS0500004013AA
Zoning: Res Multifamily
Directions: Head north on US-95 into Sandpoint, turn left on W Pine St, right on N Florence Ave, left into mobile home park.
Taxes: 6558
Tax Year: 2025
Taxes Reflect 1: No Exemptions
Subdivision: West End
Remarks
Public Remarks: Rare opportunity to acquire a prime, contiguous multi-lot property in the core of Sandpoint, ideally positioned for investors, 1031 exchange buyers, and developers seeking scale, location, and flexibility. RV Park comprised of 12 city lots spanning approximately one acre, this property delivers a highly desirable land assemblage rarely available within city limits. Zoned RM (Residential Multi-Family), it offers the ability to maximize density and overall footprint in one of North Idaho's most supply-constrained markets. Whether you choose to redevelop, expand, or hold as an asset, the fundamentals are already in place. Currently operating as a well-maintained, turnkey park with 17 total units, including 9 owned units, this property has been owner-operated and meticulously cared for for 30+ years. The pride of ownership is evident throughout, with a clean, organized, and pristine park setting that supports long-term stability.
Address
Street Number: 702
Street Direction Pfx: N
Street Name: Florence
Street Suffix: AVE
State/Province: ID
Postal Code: 83864
County: Bonner
Miscellaneous
Sec: 22
Twn: 57N
Rng: 02W
Rng Dir: WBM
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
Fire Protection Name: Sandpoint Fire
Business Info
Inventory List Available?: Yes
Inventory Included in Sale Price?: Yes
Equipment Included in Sale Price?: All
Years in Business: 30+
Confidential from Employees?: Yes
Architectural Style
Description: mobile homes
Exterior
Other: varies per unit
Showing Instructions
Showing Service Name: None
Property Features
Business Info: Non-Disclosure Agreement
View: Neighborhood; Territorial
Lot Features: Corner Lot; Level
Fencing: None
Interior Features: Storage
Exterior Features: Curbs; Lawn; Paved Parking
Common Walls: No Common Walls
Fuel: Electric
Heating: See Remarks
Other Structures: Shed(s); Storage; See Remarks
Basement: None
Construction: Mobile Home
Foundation: Block
Roof: Metal
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional; SBA; Seller Financing
Supplements
The tenant base consists of quality, long-term residents, providing reliable income from day one. Additional features include on-site laundry building and storage, enhancing tenant future potential for value add. Located within an Opportunity Zone, this asset presents potential tax advantages while positioning investors to capitalize on the continued growth and demand in Sandpoint's housing market. Properties offering this combination of scale, zoning, contiguous land, and existing income are increasingly rare. Sandpoint continues to emerge as a highly desirable lifestyle-driven market with strong fundamentals for investors and developers alike. Anchored by Lake Pend Oreille and Schweitzer Mountain Resort, the area attracts year-round tourism, remote workers, and full-time residents seeking quality of life without sacrificing access to amenities. Limited inventory, steady population growth, and increasing demand for housing--particularly multi-family--create a compelling backdrop for long-term appreciation and development upside.

Listing Office: Keller Williams Realty - Sandpoint Branch

Last Updated: April - 01 - 2026

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