6613 Commercial Park AveRathdrum, ID 83858

  • Retail space
  • 9,800 SF
For Sale
$350,000 View listing

Property Details for 6613 Commercial Park Ave

Year built
2005
Lot size
0.71 AC
Property size (Sq ft)
9,800 SF
Property type
Retail space
APN
R43900010060
APU
R43900010060

Description

This exceptional business opportunity presents a chance to acquire a thriving restaurant situated in the dynamic city of Rathdrum, Idaho. Located at 6613 Commercial Park, this turnkey establishment is perfectly positioned to capitalize on the area's rapid growth and expanding population. The asking price is $299,000. The sale includes all necessary kitchen equipment, ensuring a seamless transition for the new owner. All furniture and fixtures are also included, eliminating the need for significant upfront investment in furnishings. This ready-to-operate restaurant is ideal for both seasoned restaurateurs seeking expansion and aspiring entrepreneurs entering the food service industry. The property's prime location within a burgeoning community guarantees high visibility and consistent foot traffic, providing a strong foundation for continued success. This is a rare opportunity to own a profitable business in a thriving market, offering immediate income potential and significant long-term growth prospects. The absence of land (0 acres) simplifies ownership and management. The square footage is not specified, but the description emphasizes the fully equipped and ready-to-operate nature of the business. This turnkey operation minimizes start-up costs and allows for immediate revenue generation. Don't miss this chance to own a successful restaurant in a rapidly developing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,124,640
    6.5%
    $1,961,210
    7%
    $1,821,120
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,173,040
    Geo Method
    $2,173,040
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,829,840
    Mixed-Use / Specialty
    $1,952,080
    Hospitality / Lodging
    $1,429,390
    Office
    $1,938,250
    Institutional / Educational
    $2,028,610
    Residential Income
    $2,373,470
    Multifamily
    $2,858,480
    Automotive / Energy
    $1,738,810
    Parking / Income-Based Land
    $602,155
    Restaurant / Food Service
    $1,010,720
    Healthcare / Senior Housing
    $2,004,010

Location Insight

City
Rathdrum
County
Kootenai
State
Idaho
Latitude
47.8169
Longitude
-116.875
CBSA code
17660
CBSA name
COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,053
$607,461
$1,103,543
$1,711,004
-
$607,461
$1,103,543
$1,711,004

FAQs

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