515 Main StLewiston, ID 83501

  • Retail properties
  • 10,515 SF
For Sale
$499,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
515 Main St, Lewiston, Idaho

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,256
$45,752
$203,400
$249,152
-
$45,752
$203,400
$249,152

FAQs

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