521 3Rd AveSandpoint, ID 83864

Property Details for 521 3Rd Ave

Year built

1999

Lot size

0.33 AC

Property size (Sq ft)

5,984 SF

Property type

Commercial real estate

APN

RPS0129018011AA

APU

RPS0129018011AA

Description

This exceptional commercial property, situated across from Bonner General Hospital in Sandpoint, Idaho, presents a remarkable investment opportunity. Spanning 9,000 square feet on a 0.33-acre lot, this property boasts a diverse range of potential uses, falling within an Opportunity Zone and zoned Commercial A, mirroring the downtown core. The property includes a large, 3,600 square foot "Ambulance Bay" building constructed in 1999, featuring high ceilings, three expansive bay doors, and two industrial gas furnaces. Above this building is a 1,000 square foot open space, previously used as a meeting room, with residential conversion potential. A 1,800 square foot office building, built in 1985 and expanded in 1999, offers five offices, three bathrooms (including two private offices), and a gas furnace with heat pump and AC. A 1960s motel section contains five residential quarters, each with a full bath, plus two common areas, an office, and a full kitchen. Three residential quarters have baseboard heat

• CAP approach

  CAP return

  Valuation

  6%

  $1,284,080

  6.5%

  $1,185,300

  7%

  $1,100,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,275,850

  Geo Method

  $1,275,850

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,340,900

  Retail / Commercial

  $1,198,970

  Mixed-Use / Specialty

  $1,193,570

  Hospitality / Lodging

  $874,214

  Office

  $1,185,300

  Institutional / Educational

  $1,240,430

  Residential Income

  $1,451,300

  Multifamily

  $1,746,860

  Automotive / Energy

  $1,063,220

  Parking / Income-Based Land

  $368,020

  Restaurant / Food Service

  $618,376

  Healthcare / Senior Housing

  $1,225,140

Location Insight

City

Sandpoint

County

Bonner

State

Idaho

Latitude

48.278

Longitude

-116.551

CBSA code

41760

CBSA name

SANDPOINT, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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