766 Main StBellevue, ID 83313

Property Details for 766 Main St

Lot size

0.74 AC

Property size (Sq ft)

7,683 SF

Property type

Motels

APN

RPB2N18036004A

APU

RPB2N18036004A

Description

This established Bellevue, Idaho motel presents a compelling investment opportunity. The property, located at 766 S Main St, boasts 21 keys spread across three buildings on a 0.74-acre lot (APN: RPB2N18036004A). The main structure houses 15 rooms, while a second building contains 6 rooms, and a third serves as a manager's office and check-in area. Built in 1983 with renovations in various years and a significant update in 2007, the motel offers 7,683 square feet of space. Amenities include ample guest parking, laundry facilities, and a fire pit/BBQ area. The property enjoys excellent visibility on Main Street and consistently maintains low vacancy rates. The asking price is $2,850,000, translating to $370.95 per square foot. The property is zoned for Light Industrial use and is offered as a fee simple ownership. This well-maintained motel is suitable for both short-term and long-term rentals, making it an attractive option for investors seeking a proven, profitable hospitality business in a desirable location. The property's history of success and strong performance make it a prime candidate for continued growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,603,415

  6.5%

  $1,480,076

  7%

  $1,374,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,849,517

  Geo Method

  $3,849,517

• Alternative Use

  Use

  Valuation

  Residential

  $1,615,813

  Hospitality

  $1,480,076

  Educational

  $1,231,406

  Medical

  $1,273,756

  Retail

  $1,915,520

Location Insight

City

Bellevue

County

Blaine

State

Idaho

Latitude

43.4576

Longitude

-114.259

CBSA code

25200

CBSA name

HAILEY, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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