308 1St AveSandpoint, ID 83864

This exceptional investment opportunity presents 2.61 acres of commercial land situated in the heart of downtown Sandpoint, Idaho, at 308 N 1st Ave, 83864. The property, encompassing three parcels, boasts 13,871 square feet of existing space currently occupied by long-term tenants, providing immediate rental income. This translates to a price per square foot of $298. The property is zoned Commercial A, allowing for significant development potential, including the possibility of constructing a mixed-use building up to 65 feet in height. The location offers unparalleled visibility and high foot traffic, situated between Main Street and Cedar Street on a prime commercial block known for its high revenue generation. Built in 1910 and renovated in 1990, the existing structures offer a solid foundation for a value-add strategy. The property's strategic position along Sand Creek adds to its appeal. This is a rare chance to acquire a significant piece of Sandpoint's commercial core, ideal for an owner-user seeking to enhance their business or a developer looking to create a landmark project. The asking price is $3,955,000, and the lease type is NNN with multiple tenants. This is a multi-tenant property perfect for a redevelopment project.