310 Center StPocatello, ID 83201

Property Details for 310 Center St

Year built

1914

Lot size

0.34 AC

Property type

Commercial real estate

APN

RPPOC224400

APU

RPPOC224400

Description

This exceptional mixed-use property, located at 310 E Center St, Pocatello, ID 83201, presents a compelling investment opportunity. The 47,076 square foot building, constructed in 1915 and extensively renovated in 2024, boasts a remarkable 100% occupancy rate. The property comprises 48 units: 42 residential apartments and 6 ground-floor commercial spaces, offering diverse income streams. The asking price is $2,190,000, translating to a price per square foot of $46.52. An unfinished basement presents potential for future expansion or value-add improvements. The property's prime location makes it particularly attractive for student housing, given the high demand in the area. Significant capital expenditures have already been completed, minimizing immediate capital outlay for the new owner. This stabilized investment offers various avenues for maximizing returns, including repositioning strategies and cost segregation opportunities. The property's strong performance and potential for further enhancement make it an ideal acquisition for discerning investors seeking a high-return, multifamily investment in a thriving Idaho market. This is a rare opportunity to acquire a well-maintained, high-occupancy property with significant upside potential.

Location Insight

City

Pocatello

County

Bannock

State

Idaho

Latitude

42.865

Longitude

-112.447

CBSA code

38540

CBSA name

POCATELLO, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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