805 Main StPocatello, ID 83204

  • Commercial real estate
  • 2.09 AC
For Sale
$4,000,000 View listing

Property Details for 805 Main St

Year built
1970
Lot size
2.09 AC
Property type
Commercial real estate
APN
RPPOC299201
APU
RPPOC299201

Description

This exceptional two-story, 43,353 square foot office building, constructed in 1960 and renovated in 1999, presents a unique investment opportunity in Pocatello, Idaho. The property, situated on a generous 3.65-acre lot (APN: RPPOC299201, Bannock County), offers ample space for a variety of uses, including traditional, executive, or creative office spaces. Currently fully vacant, the building provides a blank canvas for a new owner or tenant to customize. The property boasts 280 parking spaces, ensuring convenient access for employees and clients. Its prominent location allows for excellent building signage opportunities. The building benefits from recent interior and exterior upgrades, enhancing its appeal and functionality. Furthermore, the property's location within a tax-incentivized zone in Southeast Idaho, less than two miles from Idaho State University, offers significant advantages. Its proximity to major roadways, including I-86 and I-15, and several public transit stops, ensures easy commutes for employees and clients from surrounding residential areas. The surrounding area features established retailers such as Ridley's, Burto's, and Exxon, contributing to a vibrant and accessible commercial environment. The asking price for this substantial property is $4,000,000. The potential for redevelopment with additional building space further enhances its investment potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,199,166
    Hospitality
    $20,334,318
    Educational
    $16,917,914
    Medical
    $17,499,746
    Retail
    $26,316,754

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.8674
Longitude
-112.458
CBSA code
38540
CBSA name
POCATELLO, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,205
$247,500
$2,789,596
$3,037,096
-
$247,500
$2,789,596
$3,037,096

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