308 1St AveSandpoint, ID 83864

Property Details for 308 1St Ave

Year built

1910

Lot size

2.61 AC

Property size (Sq ft)

13,871 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents 2.61 acres of commercial land situated in the heart of downtown Sandpoint, Idaho, at 308 N 1st Ave, 83864. The property, encompassing three parcels, boasts 13,871 square feet of existing space currently occupied by long-term tenants, providing immediate rental income. This translates to a price per square foot of $298. The property is zoned Commercial A, allowing for significant development potential, including the possibility of constructing a mixed-use building up to 65 feet in height. The location offers unparalleled visibility and high foot traffic, situated between Main Street and Cedar Street on a prime commercial block known for its high revenue generation. Built in 1910 and renovated in 1990, the existing structures offer a solid foundation for a value-add strategy. The property's strategic position along Sand Creek adds to its appeal. This is a rare chance to acquire a significant piece of Sandpoint's commercial core, ideal for an owner-user seeking to enhance their business or a developer looking to create a landmark project. The asking price is $3,955,000, and the lease type is NNN with multiple tenants. This is a multi-tenant property perfect for a redevelopment project.

Location Insight

City

Sandpoint

County

Bonner

State

Idaho

Latitude

48.2753

Longitude

-116.547

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