5513 Us-2Priest River, ID 83856

Property Details for 5513 Us-2

Year built

1984

Lot size

0.39 AC

Property size (Sq ft)

2,746 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional 2,746 square foot commercial property, located at 5513 Hwy 2 in Priest River, Idaho, presents a unique investment opportunity. Built in 1984 and renovated in 1995, this single-story building sits on a 0.39-acre lot (APN: RPR00000238901A) and boasts a prime location within the Timberline Center, alongside established businesses like Ace Hardware and Mitchell Harvest Foods. The property features a convenient drive-through, ideal for a variety of uses. Currently zoned for commercial use, it offers flexibility for conversion into a restaurant or retail space, thanks to its open floor plan and high visibility from Highway 2. The building has a long and successful history as a bank for 37 years, demonstrating consistent annual growth and strong deposit records. Financial highlights include a $625,000 asking price, a 7.91% pro-forma cap rate, and a $49,428 pro-forma NOI. This property offers high visibility, easy access, and significant potential for future growth. The property's strong history and prime location make it an attractive investment for discerning buyers. The building's size and layout provide ample space for a variety of businesses, making it a versatile and valuable asset.

Location Insight

City

Priest River

County

Bonner

State

Idaho

Latitude

48.1809

Longitude

-116.923

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