326 State StShelley, ID 83274

Property Details for 326 State St

Lot size

0.45 AC

Zone code

HC

Property type

Other commercial real estate

APN

RP2047500

APU

RP2047500

Description

This exceptional 12,400 square foot multifamily property in Shelley, Idaho, presents a lucrative investment opportunity. Located at 326 N State St, this 16-unit apartment building boasts a prime location on State Street, offering easy access to Interstate 15 (just 6 minutes away via S. 45th Rd W) and Shelley's retail and service centers. The property features a diverse mix of units: two hostel-style rooms, three hotel-style rooms, three unfinished apartments, five studio apartments, two larger apartments, and a manager's apartment. Amenities include a common event space, kitchen, lobby, laundry facilities, themed rooms, dedicated office space, and an off-street parking lot. Designed for short-term rentals or Airbnb, the property includes recreational features such as a common courtyard with a basketball hoop, fire pit, and grilling area, a karaoke area, and a hot tub room (currently under construction). Its proximity to the scenic Snake River Canyon adds to its appeal. The 0.89-acre lot offers ample space, and the building's 12,400 square feet are priced at $96.77 per square foot, with an asking price of $1,200,000 ($75,000 per unit). This turnkey operation is ready for immediate income generation.

• Alternative Use

  Use

  Valuation

  Residential

  $4,021,492

  Hospitality

  $3,683,665

  Educational

  $3,064,766

  Medical

  $3,170,168

  Retail

  $4,767,414

Location Insight

City

Shelley

County

Bingham

State

Idaho

Latitude

43.3857

Longitude

-112.121

CBSA code

13940

CBSA name

BLACKFOOT, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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