900 Main StCascade, ID 83611
- Other commercial real estate
- 3,618 SF
Property Details for 900 Main St
- Year built
- 1975
- Lot size
- 0.60 AC
- Property size (Sq ft)
- 3,618 SF
- Property type
- Other commercial real estate
- APN
- RPC00000315656
- APU
- RPC00000315656
Description
This turnkey hospitality investment opportunity, listed at $3,000,000, boasts a 10.06% capitalization rate and a strong net operating income of $301,762. The Alpine Lodge & RV, located at 900 S Main St, Cascade, ID 83611, is a 48-key economy resort featuring a diverse mix of accommodations including newly renovated lodge and motel rooms, tent campsites, and ample pull-thru and back-in RV sites with full hookups. Five buildings on a 4.63-acre lot, built in 1975 and renovated in 2024, comprise this two-story property. Amenities include an on-site clubhouse perfect for events, indoor and outdoor fish cleaning stations, refrigerators, freezers, on-site laundry, community fire pits, and boat charging facilities. Additional income streams are generated from the sale of firewood, ice, and propane. The property offers significant upside potential through expansion of the RV park or addition of cabins. Employee housing or owner/manager quarters are available. Located 90 minutes from Boise, Idaho, and situated on Highway 55, the resort benefits from year-round demand driven by activities such as whitewater rafting, hiking, skiing, and fishing in the West Central Mountains. Cascade is a popular destination for outdoor enthusiasts, offering access to numerous lakes, rivers, and hot springs. All information is obtained from sources deemed reliable but subject to buyer verification. Building size is approximate.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $761,345
- Hospitality
- $697,388
- Educational
- $580,219
- Medical
- $600,173
- Retail
- $902,562
Location Insight
- City
- Cascade
- County
- Valley
- State
- Idaho
- Latitude
- 44.5045
- Longitude
- -116.028
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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