204 Main AveTwin Falls, ID 83301

Property Details for 204 Main Ave

Year built

1921

Lot size

0.36 AC

Property size (Sq ft)

27,750 SF

Property type

Retail properties

Property subtype

Retail space

APN

RPT0001085015C

APU

RPT0001085015C

Description

This exceptional investment opportunity presents a fully occupied, mixed-use property located at 204 Main Ave N, Twin Falls, ID 83301. The property, built in 1921 and extensively renovated in 2023, boasts a total of 34,431 net rentable square feet across three stories, spread across two buildings on a 0.43-acre lot. The ground floor offers 12,207 square feet, while the second floor provides 12,500 square feet of space. A large, 9,724-square-foot basement features 9+ foot ceilings. The property includes a commercial kitchen, ample space suitable for events or assembly, and multiple restrooms on both the first and second floors. An adjacent lot provides 20 parking spaces. The property is zoned for commercial use and benefits from a prime downtown location, surrounded by shops and restaurants, ensuring high visibility and accessibility. Currently operating at 100% occupancy since June 1, 2011, this Net Lease investment offers a compelling 8.50% cap rate and a Pro-Forma NOI of $301,329, with an asking price of $3,295,000 ($88.75/sq ft). The updated plumbing, HVAC, and electrical systems contribute to the property's strong operational efficiency. This presents a rare opportunity to acquire a well-established, high-performing asset in a thriving downtown area with potential for future development.

Location Insight

City

Twin Falls

County

Twin Falls

State

Idaho

Latitude

42.5572

Longitude

-114.471

CBSA code

46300

CBSA name

TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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