For Sale
$2,190,000

310 Center StPocatello, ID 83201

High-Occupancy Apartment Building with Retail

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, located at 310 E Center St, Pocatello, ID 83201, presents a compelling investment opportunity. The 47,076 square foot building, constructed in 1915 and extensively renovated in 2024, boasts a remarkable 100% occupancy rate. The property comprises 48 units: 42 residential apartments and 6 ground-floor commercial spaces, offering diverse income streams. The asking price is $2,190,000, translating to a price per square foot of $46.52. An unfinished basement presents potential for future expansion or value-add improvements. The property's prime location makes it particularly attractive for student housing, given the high demand in the area. Significant capital expenditures have already been completed, minimizing immediate capital outlay for the new owner. This stabilized investment offers various avenues for maximizing returns, including repositioning strategies and cost segregation opportunities. The property's strong performance and potential for further enhancement make it an ideal acquisition for discerning investors seeking a high-return, multifamily investment in a thriving Idaho market. This is a rare opportunity to acquire a well-maintained, high-occupancy property with significant upside potential.

Highlights

  • 100% occupancy, generating diverse income streams from 42 residential apartments and 6 commercial units.
  • Recently renovated (2024) 47,076 square foot mixed-use building in prime Pocatello location.
  • Asking price: $2,190,000 ($46.52/SF).
  • Significant capital expenditures already completed, minimizing immediate owner investment.
  • Unfinished basement offers value-add potential.

Property Details for 310 Center St

Property type
Retail properties, Mixed-use properties
Square Feet
47,076 SF
Year Built/Renovated
1915/2024
Units
48

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.8648323
Longitude
-112.4464359
310 Center St, Pocatello, Idaho

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310 Center St
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