416 Thain RdLewiston, ID 83501

  • Retail properties
  • 3,664 SF
For Sale
$450,000 View listing

Property Details for 416 Thain Rd

Year built
1956
Lot size
1.60 AC
Property size (Sq ft)
3,664 SF
Zone code
C4
Property type
Retail properties
Property subtype
Bars
APN
RPL00160040100
APU
RPL00160040100

Description

Embrace a piece of Lewiston history with the sale of Canter's Inn, established in 1956 and a long-standing fixture of the Lewiston Orchards community. This offering includes the well-known name, a valuable liquor license, and all equipment (excluding leased items). The sale presents a unique opportunity for a buyer to acquire a turnkey business, continuing the legacy of Canter's Inn at its current location at 416 Thain Rd, Lewiston, ID. The property encompasses 3,664 square feet on a lot with no acreage. Alternatively, the buyer has the flexibility to relocate the business to a new site, leveraging the established brand and license. The sale price is $450,000. This is a rare chance to own a piece of Lewiston's rich history and build upon its established success. The property is not being sold with any leased items. The MLS number for this listing is 98882340. Serious inquiries only. This is a unique opportunity to acquire a well-established business with significant potential. The sale includes the business name, liquor license, and equipment, providing a solid foundation for continued operation. The buyer has the option to maintain the current location or relocate the business to a new site.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,097,505
    6.5%
    $1,013,081
    7%
    $940,718
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,968,628
    Geo Method
    $1,968,628
  • Alternative Use

    Use
    Valuation
    Residential
    $854,572
    Hospitality
    $782,783
    Educational
    $651,266
    Medical
    $673,665
    Retail
    $1,013,081
416 Thain Rd, Lewiston, Idaho

Location Insight

City
Lewiston
County
Nez Perce
State
Idaho
Latitude
46.3788
Longitude
-116.975
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
$10,316
$689,990
$293,200
$983,190
-
$689,990
$293,200
$983,190

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