208 Main StCascade, ID 83611

Property Details for 208 Main St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

1,642 SF

Property type

Commercial real estate

APN

RPC0027007009A

APU

RPC0027007009A

Description

This exceptional 1,642 square foot commercial property, located at 208 N Main St. in Cascade, ID, presents a fantastic investment opportunity. Boasting excellent street frontage and high visibility on Main Street, this building offers significant potential for a variety of businesses. Constructed in 1920, the property has undergone several updates and features central heating and air conditioning (all-electric). An oversized restroom adds convenience, and a rough-finished basement provides ample storage space (not included in the listed square footage). The 0.06-acre lot includes additional parking at the rear of the building. Currently occupied by a successful fitness facility (available for separate purchase), the property has a proven rental history, commanding $1,800 per month in rent for the past two and a half years. Future lease expectations are projected at $2,000 or more per month. While the current tenant operates a fitness center, the versatile space is well-suited for a wide range of commercial uses. Priced aggressively for a quick sale at $397,900, this property represents a compelling opportunity to acquire a well-located, updated commercial building in a thriving community. Don't miss out on this chance to own a piece of Cascade's Main Street.

• CAP approach

  CAP return

  Valuation

  6%

  $342,128

  6.5%

  $315,810

  7%

  $293,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $350,091

  Geo Method

  $350,091

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $629,079

  Retail / Commercial

  $321,155

  Mixed-Use / Specialty

  $318,881

  Hospitality / Lodging

  $232,482

  Office

  $315,810

  Institutional / Educational

  $331,104

  Residential Income

  $387,392

  Multifamily

  $470,878

  Automotive / Energy

  $283,803

  Parking / Income-Based Land

  $99,052.90

  Restaurant / Food Service

  $163,442

  Healthcare / Senior Housing

  $328,164

Location Insight

City

Cascade

County

Valley

State

Idaho

Latitude

44.5173

Longitude

-116.043

Property Tax & Assessments

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