515 Main StLewiston, ID 83501

Property Details for 515 Main St

Year built

1903

Lot size

0.09 AC

Property size (Sq ft)

10,515 SF

Zone code

C5

Property type

Retail space

APN

RPL0360021001B

APU

RPL0360021001B

Description

This exceptional commercial property, located at 515 Main Street in the vibrant city of Lewiston, Idaho, presents a compelling investment opportunity. Situated on a conveniently sized 0.09-acre lot, this general commercial building offers significant potential for a variety of uses. The property's address on Main Street ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The asking price of $285,000 reflects the property's prime location and potential for future growth. While the square footage is currently unavailable, the 0.09-acre lot size provides ample space for development or expansion, depending on the intended use. This property is perfect for entrepreneurs looking to establish a new business or for investors seeking a strong return on investment in a thriving Idaho community. Its central location in Lewiston offers easy access to local amenities, transportation routes, and a diverse customer base. Serious inquiries are encouraged to explore the possibilities this exceptional commercial property offers. Further details regarding the building's specifications are available upon request. Don't miss this chance to own a piece of Lewiston's Main Street.

• CAP approach

  CAP return

  Valuation

  6%

  $3,149,635

  6.5%

  $2,907,355

  7%

  $2,699,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,649,596

  Geo Method

  $5,649,596

• Alternative Use

  Use

  Valuation

  Residential

  $2,452,463

  Hospitality

  $2,246,443

  Educational

  $1,869,014

  Medical

  $1,933,292

  Retail

  $2,907,355

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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