702 Washington AveEmmett, ID 83617

Property Details for 702 Washington Ave

Year built

1977

Lot size

0.22 AC

Property size (Sq ft)

2,102 SF

Property type

Grocery and convenience stores

APN

RP06N01W078308A

APU

RP06N01W078308A

Description

This exceptional opportunity presents the acquisition of a thriving convenience store and its accompanying building, ideally situated at 702 S Washington Ave in Emmett, Idaho. The property boasts a substantial 2,102 square feet of space within a single-story, Class B building constructed in 1977 and renovated in 2012, sitting on a 9,750 square foot lot. The store enjoys a highly visible location on a major thoroughfare in a rapidly growing area of Idaho, just north of Eagle and Star. This well-established business benefits from a loyal customer base and strong walk-in traffic, generating significant in-store sales. Additional revenue streams are provided by a check cashing service. The sale includes approximately $30,000 in coolers, quick-service restaurant equipment, shelving, and other fixtures, along with an inventory valued between $100,000 and $150,000. The property also features three gas pumps with three 10,000-gallon tanks. The asking price for this fee-simple ownership opportunity is $840,000, translating to $399.62 per square foot. The property is zoned for commercial use. This is a rare chance to own a well-regarded, profitable business in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $629,627

  6.5%

  $581,194

  7%

  $539,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,129,382

  Geo Method

  $1,129,382

• Alternative Use

  Use

  Valuation

  Residential

  $490,259

  Hospitality

  $449,075

  Educational

  $373,625

  Medical

  $386,475

  Retail

  $581,194

Location Insight

City

Emmett

County

Gem

State

Idaho

Latitude

43.8696

Longitude

-116.499

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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