517 Main StLewiston, ID 83501

Property Details for 517 Main St

Year built

1903

Lot size

0.11 AC

Property size (Sq ft)

10,906 SF

Zone code

C5

Property type

Investment properties

Property subtype

Retail residential properties

APN

RPL0360021001A

APU

RPL0360021001A

Description

This exceptional commercial property, situated at 517 Main Street in the vibrant city of Lewiston, Idaho, presents a unique investment opportunity. Boasting a prominent Main Street address, this 0.11-acre lot offers significant potential for a variety of commercial ventures. The property's location provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. The asking price of $185,000 represents a compelling value for a property in this desirable location. The existing structure, while not detailed in the provided information, offers a blank canvas for redevelopment or renovation to suit a specific business plan. The 0.11-acre lot size provides ample space for expansion or outdoor amenities, depending on the intended use. Lewiston's thriving economy and growing population make this an ideal location for businesses seeking to establish a strong presence in the community. This property is ready for immediate development or lease, making it an attractive option for both investors and entrepreneurs. The strategic location on Main Street ensures high visibility and easy access, maximizing the potential for success. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the existing structure and zoning regulations are available upon request. Don't miss this chance to acquire a prime commercial property in a rapidly growing Idaho city.

• CAP approach

  CAP return

  Valuation

  6%

  $2,755,629

  6.5%

  $2,543,658

  7%

  $2,361,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,604,166

  Geo Method

  $3,604,166

• Alternative Use

  Use

  Valuation

  Residential

  $2,543,658

  Hospitality

  $2,329,977

  Educational

  $1,938,513

  Medical

  $2,005,182

  Retail

  $3,015,465

Location Insight

City

Lewiston

County

Nez Perce

State

Idaho

Latitude

46.4217

Longitude

-117.026

CBSA code

30300

CBSA name

LEWISTON, ID-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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