5729 e marine dr

Rare Waterfront Business and Development Opportunity! For the first time on the market-- nearly 11 acres, composed of three separate Spokane Riverfront parcels. Located under 6 miles downriver from the mouth of Lake Coeur d'Alene. The property is currently home to Lake City Marine, a fully operational boat repair facility with multiple docks and buildings. This site boasts some of the deepest water on the river side, making it a site capable of launching and hauling large vessels and luxury yachts on the Spokane River. The marine railway has been successfully utilized since the 1950's. Immediate income potential for your marine operation. Prime development possibilities through city annexation, with the potential for 50+ buildable lots. The three parcels are zoned residential, however, one is taxed and utilized as commercial. This location is historically noted as the original construction and launch site of the Mish-an-nock tour boat in 1968. Two small rental homes and one rented space are currently contributing to the property's monthly revenue.