19 Main StPayette, ID 83661

Property Details for 19 Main St

Year built

1900

Lot size

0.10 AC

Property size (Sq ft)

5,028 SF

Property type

Retail space

APN

P12700020160

APU

P12700020160

Description

This exceptional investment opportunity presents two mixed-use buildings located in the heart of Payette, Idaho's vibrant downtown at 19 & 21 S. Main St., zip code 83661. The property boasts a total of 2,000 square feet, spread across two stories, and is zoned C1- Commercial Downtown, offering flexibility for a variety of uses including office and retail spaces. Currently listed at $165,000, this represents an attractive price per square foot of $82.50 and a compelling 3.28% cap rate. The buildings offer a value-add opportunity for a savvy investor. Convenient access to major highways ensures easy travel to nearby cities and attractions. The property also includes private parking. This property is situated in a charming and picturesque town with a strong sense of community, supported by local businesses and a variety of events and festivals. The affordable cost of living makes Payette an appealing location for families and retirees alike. This offering presents a unique chance to acquire a well-positioned mixed-use property in a thriving Idaho community. Consider purchasing this property in conjunction with another nearby property for an even greater return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,506,074

  6.5%

  $1,390,222

  7%

  $1,290,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,701,490

  Geo Method

  $2,701,490

• Alternative Use

  Use

  Valuation

  Residential

  $1,172,704

  Hospitality

  $1,074,191

  Educational

  $893,714

  Medical

  $924,450

  Retail

  $1,390,222

Location Insight

City

Payette

County

Payette

State

Idaho

Latitude

44.0754

Longitude

-116.936

CBSA code

36620

CBSA name

ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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