1534 Idaho StLewiston, ID 83501

Property Details for 1534 Idaho St

Year built

1910

Lot size

0.10 AC

Property size (Sq ft)

2,784 SF

Zone code

C4

Property type

Office properties

Property subtype

Office buildings

APN

RPL18400000080

APU

RPL18400000080

Description

This exceptional commercial property at 1534 Idaho Street in Lewiston, Idaho, presents a unique opportunity for businesses seeking a high-visibility location. The 2,488 square foot building sits on a 0.11-acre lot and is ideally situated across the intersection from the US Post Office, ensuring significant foot and vehicle traffic. The main floor boasts three private offices, all recently remodeled to a high standard, providing immediate, ready-to-occupy workspace. The building also includes a finished basement room, offering additional space for immediate use. However, a significant portion of the basement remains unfinished, presenting a substantial opportunity for expansion. This area could be developed to create additional office space, a separate income-generating unit, or a combination of both, significantly increasing the property's value and utility. The property also features a small outdoor patio, perfect for employee breaks or informal client meetings. Priced at $390,000, this property offers a compelling blend of immediate usability and significant long-term potential in a highly desirable Lewiston location. The high traffic count and convenient location make this an excellent investment for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $567,287

  6.5%

  $523,650

  7%

  $486,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,577

  Geo Method

  $593,577

• Alternative Use

  Use

  Valuation

  Residential

  $649,325

  Hospitality

  $594,779

  Educational

  $494,849

  Medical

  $511,867

  Retail

  $769,765

Location Insight

City

Lewiston

County

Nez Perce

State

Idaho

Latitude

46.415

Longitude

-117.01

CBSA code

30300

CBSA name

LEWISTON, ID-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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