255 S Main St
Development Site in Driggs, ID

255 S Main St, Driggs, ID 83422

1/3

For Sale

$1,200,000

Property Details

Land

Property Location

255 S Main St, Driggs, ID 83422

Contact Agent

Virgil Nethercott

(208) 932-2821

Crexi Link

Please view more information on Crexi:

Property Description

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 which 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.​ Traffic counts on Main Street are 8,000 VPD.​

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