For Sale
$3,295,000

204 Main AveTwin Falls, ID 83301

Historic building, high ROI potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, mixed-use property located at 204 Main Ave N, Twin Falls, ID 83301. The property, built in 1921 and extensively renovated in 2023, boasts a total of 34,431 net rentable square feet across three stories, spread across two buildings on a 0.43-acre lot. The ground floor offers 12,207 square feet, while the second floor provides 12,500 square feet of space. A large, 9,724-square-foot basement features 9+ foot ceilings. The property includes a commercial kitchen, ample space suitable for events or assembly, and multiple restrooms on both the first and second floors. An adjacent lot provides 20 parking spaces. The property is zoned for commercial use and benefits from a prime downtown location, surrounded by shops and restaurants, ensuring high visibility and accessibility. Currently operating at 100% occupancy since June 1, 2011, this Net Lease investment offers a compelling 8.50% cap rate and a Pro-Forma NOI of $301,329, with an asking price of $3,295,000 ($88.75/sq ft). The updated plumbing, HVAC, and electrical systems contribute to the property's strong operational efficiency. This presents a rare opportunity to acquire a well-established, high-performing asset in a thriving downtown area with potential for future development.

Highlights

  • Prime downtown Twin Falls location.
  • 1921 building, extensively renovated in 2023.
  • Established downtown Twin Falls location.
  • 20-space private parking lot.
  • Corner lot with two buildings totaling 34,431 net rentable square feet.

Property Details for 204 Main Ave

Property type
Retail properties, Restaurants
Square Feet
37,125 SF
Class
B
Year Built/Renovated
1921/2023
Buildings
2
Stories
3
Lot Size (sq. ft)
18,731 SF
Units
1

Location Insight

City
Twin Falls
County
Twin Falls
State
Idaho
Latitude
42.557201
Longitude
-114.471039
204 Main Ave, Twin Falls, Idaho

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204 Main Ave
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