102 Main StEmmett, ID 83617

Property Details for 102 Main St

Year built

1971

Lot size

0.27 AC

Property size (Sq ft)

7,016 SF

Property type

Banks

APN

RPE3210014005AA

APU

RPE3210014005AA

Description

This unique 6,719 square foot commercial property located at 102 E Main Street in Emmett, Idaho, presents a rare investment opportunity. Sitting on a 0.15-acre lot, this historic building boasts a rich past, having served as the Noland Drug Store and Gino's Barber Shop. Currently, the main level is occupied by a tumbling gym and a clothing store. The upper level is awaiting restoration and redevelopment, presenting significant potential for residential conversion, subject to rezoning. A newer central air conditioning unit was installed in the tumbling gym area in July 2016. The property includes a total of 3.5 half bathrooms. The building is being sold in its "as is" condition. Prospective buyers are responsible for verifying all information provided. This is a chance to own a piece of Emmett's history and shape its future. The property's prime location on Main Street offers excellent visibility and accessibility. The existing tenants provide immediate income potential, while the upper level presents a significant opportunity for value enhancement through renovation and repurposing. This versatile property is ideal for investors seeking a unique and potentially high-return investment. Don't miss this chance to acquire a piece of Emmett's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,101,554

  6.5%

  $1,939,896

  7%

  $1,801,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,769,621

  Geo Method

  $3,769,621

• Alternative Use

  Use

  Valuation

  Residential

  $1,636,375

  Hospitality

  $1,498,910

  Educational

  $1,247,076

  Medical

  $1,289,965

  Retail

  $1,939,896

Location Insight

City

Emmett

County

Gem

State

Idaho

Latitude

43.8758

Longitude

-116.5

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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