512 Main StHailey, ID 83333

Property Details for 512 Main St

Lot size

0.26 AC

Property size (Sq ft)

440 SF

Property type

Auto shops

APN

RPH0000064013A

APU

RPH0000064013A

Description

This exceptional 0.26-acre commercial lot, located at 512 N Main Street in Hailey, Idaho (APN RPH0000064013A), presents a unique investment opportunity. Offered at $695,000, this fee simple property boasts a highly desirable location at the north end of Main Street, within the Downtown Residential Overlay zone. This advantageous zoning allows for more favorable density and parking regulations, making it particularly suitable for multifamily development projects. The property's prime location ensures excellent visibility and accessibility for any commercial venture. A key advantage is the pre-approved curb cut from the Idaho Transportation Department, a significant asset for businesses requiring drive-thru capabilities or convenient vehicle access. The versatile zoning allows for a range of uses, including mixed-use developments that combine commercial spaces with residential units. This lot offers significant potential for developers seeking to capitalize on Hailey's thriving downtown area and its strong demand for both commercial and residential properties. The property's strategic location and zoning flexibility make it an ideal investment for those seeking a high-return opportunity in a vibrant and growing community. The 83333 zip code ensures easy access to local amenities and services. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $118,843

  6.5%

  $109,701

  7%

  $101,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $236,407

  Geo Method

  $236,407

• Alternative Use

  Use

  Valuation

  Residential

  $92,537

  Hospitality

  $84,763

  Educational

  $70,522

  Medical

  $72,948

  Retail

  $109,701

Location Insight

City

Hailey

County

Blaine

State

Idaho

Latitude

43.5241

Longitude

-114.318

CBSA code

25200

CBSA name

HAILEY, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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