236 Railroad AveTwin Falls, ID 83301

Property Details for 236 Railroad Ave

Year built

1920

Lot size

0.11 AC

Property size (Sq ft)

4,550 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

RPT44010010160

APU

RPT44010010160

Description

This exceptional redevelopment opportunity encompasses a 12,098 square foot mixed-use property situated on a 43,996 square foot lot in the heart of downtown Twin Falls, Idaho. Currently operating at 80% occupancy with three units, the property features retail, office, and industrial space, offering significant versatility. The asking price is $575,900, translating to $47.60 per square foot. The land value alone is $13.99 per square foot. The property boasts a strong 11.40% cap rate and a pro-forma cap rate of 11.39%, with a pro-forma NOI of $65,584. The property is zoned for commercial and industrial use and underwent renovations in 2022. The current lease type is NNN with a multi-tenancy structure and one year remaining on the lease. This investment presents a unique chance to participate in the revitalization of downtown Twin Falls, aligning perfectly with the city's downtown master plan. The property's central location and strong financial metrics make it an attractive proposition for investors seeking high returns and significant upside potential in a rapidly developing area. This is a rare opportunity to acquire a strategically positioned property within the planned urban renewal area.

• Alternative Use

  Use

  Valuation

  Residential

  $957,027

  Hospitality

  $876,632

  Educational

  $729,347

  Medical

  $754,431

  Retail

  $1,134,540

Location Insight

City

Twin Falls

County

Twin Falls

State

Idaho

Latitude

42.5508

Longitude

-114.473

CBSA code

46300

CBSA name

TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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