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Prime Main St development

Listing was updated at: 06/03/2019
Prime Main St development Prime Main St development Prime Main St development Prime Main St development

Property Overview

Price/Rent PSF $ 1,499,000.00
Asset Type Land
Trade Type Sale
Acres Available 8.25
Date Available 05/31/2019
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Description

Location
Located on the east side of the Main St Driggs, Idaho.

Sale
255 S Main Street consists of 8.25 acres of prime retail commercial land located in the City of Driggs, Idaho. The lot sits on the Main street with 340 feet of frontage, traffic counts include local, commuting, and tourism. Driggs is located at the entrance of Alta, Wyoming which is the home of Grand Targhee Ski Resort named as one of the top five ski resorts in North America and receives over 500 inches of snowfall per year.

Permitted zoning on this land is divided into two different zonings, the front is zoned CX which allows for retail or office commercial space. The back is zone RS-7 which is a high-density residential zoning ideal for multifamily apartments. Driggs is also a bedroom community to Jackson Hole, Wy and creates a low supply of any type of housing. Comparable rental rates can sometimes be double that of a larger MSA such as Idaho Falls and in high demand.

Nearby tenants consist of Broulims Grocery stores, Wells Fargo, US Bank, and many local restaurants.

Driggs can also be referred to as Teton Valley in which is the name of the valley it is located in along with Victor, Tetonia, and Alta. Current population within this valley is over 6,400 people and 1,200 in Driggs specifically. The median income is $42,000 with an average age of 30 years old and an unemployment rate of 2.3%.

Location

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