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.
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Contacts
Shawn Barton
Fran Florence
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204 Main Ave, Twin Falls, Idaho, 83301
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
204 Main Ave
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