807 5Th AveSandpoint, ID 83864

Property Details for 807 5Th Ave

Year built

1960

Property type

Restaurants

Property subtype

Hospitality properties

Description

This exceptional hospitality property, located at 807 N Fifth Ave in Sandpoint, Idaho, presents a lucrative investment opportunity. The 62-key hotel, built in 1960, includes a full-service restaurant with a liquor license. Priced at $4,500,000 ($277.92/sq ft), this established business benefits from its prime location, just 0.7 miles from City Beach. Sandpoint's thriving tourism sector, fueled by attractions like Silverwood Theme Park and Bolder Beach waterpark, ensures a consistent stream of potential guests. The town's reputation as a desirable destination, recognized by publications like Matador Network, further enhances the property's appeal. This full-service hotel and restaurant offers a turnkey operation with significant growth potential in a vibrant and attractive location. The property is situated in Bonner County and boasts easy access to local amenities and attractions. This presents a rare chance to acquire a well-established business in a high-demand tourist area. The property's strong history and current operational status make it an ideal investment for experienced hospitality operators seeking a profitable venture in a picturesque Idaho setting.

Location Insight

City

Sandpoint

County

Bonner

State

Idaho

Latitude

48.2814

Longitude

-116.553

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