400 Main StJerome, ID 83338
- Retail properties
- 0.21 AC
Property Details for 400 Main St
- Year built
- 1950
- Lot size
- 0.21 AC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- RPJ1370073030A
- APU
- RPJ1370073030A
Description
This exceptional 0.36-acre commercial lot presents a unique investment opportunity in the thriving city of Jerome, Idaho. Situated at 400 W Main St., this property boasts a highly desirable location with excellent visibility and accessibility. The expansive lot offers significant potential for a variety of commercial ventures, from retail spaces to office buildings, or even a mixed-use development. Its prime location ensures high foot traffic and easy access for customers and employees. The address, 400 W Main St., places the property within a dynamic commercial corridor, offering proximity to other established businesses and services. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built development tailored to specific business needs. This presents a rare chance to build a property that perfectly aligns with your vision and maximizes return on investment. The asking price of $795,000 reflects the exceptional value and potential of this strategically located commercial lot. Don't miss this opportunity to secure a prime piece of Jerome real estate. Serious inquiries only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,529,761
- 6.5%
- $2,335,164
- 7%
- $2,168,366
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,031,714
- Geo Method
- $5,031,714
-
Alternative Use
- Use
- Valuation
- Residential
- $1,969,798
- Hospitality
- $1,804,324
- Educational
- $1,501,177
- Medical
- $1,552,805
- Retail
- $2,335,164
Location Insight
- City
- Jerome
- County
- Jerome
- State
- Idaho
- Latitude
- 42.7243
- Longitude
- -114.524
- CBSA code
- 46300
- CBSA name
- TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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