For Sale
$975,000

26 Us-20Ashton, ID 83420

Iconic Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents the Ashton Frostop Drive-In, a profitable, established restaurant located at 26 US-20, Ashton, ID 83420. Boasting a rich history since 1965, this iconic landmark features a 1,332 square foot building situated on a 0.386-acre lot. The property benefits from a highway commercial zoning designation and enjoys 100% occupancy. Recently renovated in 2022, the building showcases a classic 1960s aesthetic, including a new roof and updated exterior and dining area. The restaurant serves a popular menu of American comfort food, including burgers, fish, and chicken baskets, along with a full selection of ice cream treats. The property's prime location on US Highway 20, a major thoroughfare to popular tourist destinations like Island Park and West Yellowstone, ensures high visibility and consistent traffic. Further enhancing its accessibility, a new traffic light is scheduled for installation at the intersection of Ashton Main Street and Highway 20. The business has a strong local following and actively participates in community events. Offered at $975,000, with a 3.00% cap rate, this represents a rare chance to acquire a thriving, established business in a rapidly growing area. The sale includes all existing business assets. The property is a single-tenant, gross leasehold with no remaining lease term. This is a turnkey operation ready for immediate income generation.

Highlights

  • Busy intersection with upcoming traffic light at Hwy 20 and Ashton Main Street.
  • Hwy 20 frontage providing high visibility and traffic.
  • Prime location in a tourist area near Island Park and West Yellowstone.
  • Iconic Ashton Frostop Drive-In with over 50 years of service.
  • Recently remodeled in 2022 with a new roof and updated exterior.
  • Classic drive-in and dine-in restaurant.

Property Details for 26 Us-20

Property type
Retail properties, Restaurants
Square Feet
1,332 SF
Year Built/Renovated
1965/2
Buildings
1
Stories
1
Lot Size (sq. ft)
16,814 SF

Location Insight

City
Ashton
County
Fremont
State
Idaho
Latitude
44.071561
Longitude
-111.4564321
26 Us-20, Ashton, Idaho

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26 Us-20
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