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    505 Virginia St New Meadows, ID 83654

    For Sale
    $825,000

    COMMERCIAL - New Meadows, ID

    Property size:
    1,000 SF
    Lot size:
    1.39 Acres
    Days on Market:
    85
    Last Refresh:
    Dec 11 at 3:06 am

    Property Features for 505 Virginia St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    RPM0240005001
    Size
    1,000 SF
    Lot size
    1.39 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2003
    Floors in Building
    1
    Building materials
    Brick/Block
    Roof type
    Composition

    Crawford Olson Real Estate (208) 634-6060 [email protected]

    Listing agent Robert Crawford (208) 634-6927

    Listing date Sep 18, 2025

    Copyright © 2025 Mountain Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land with Restaurant Lease

    This commercial parcel, totaling 1.385 acres, is located at the southeast corner of Highway 55 and Highway 95 in downtown New Meadows, Idaho. The property includes a Subway restaurant with a lease extending to 2035, generating an NOI of approximately $16,000 per year. Additionally, there is approximately 1 acre of unoccupied, high-visibility land available for development. The parcel features 330 feet of frontage on Highway 55. A deed restriction is in place prohibiting the use of the property as a gas station. The zoning designation is Central Business District for the City of New Meadows. The property received closure on an environmental remediation from the Department of Environmental Quality in June of 2000. The property size is 1000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    New Meadows
    County
    Adams
    State
    Idaho
    Longitude
    -116.2808725
    Latitude
    44.9709279

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    FAQs

    What type of property is this?
    Conventional restaurant - 1.385 acre commercial parcel with existing Subway lease.
    Where is this conventional restaurant located?
    The property is located at 505 Virginia St New Meadows, ID.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - 1.385 acre commercial parcel at the **high-visibility SE corner of Highway 55 and Highway 95.**; - Existing Subway restaurant with lease running to 2035 and $16,000/year NOI.; - Approximately 1 acre of unoccupied land **ready for development.**
    (208) 634-6927
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    505 Virginia St New Meadows, ID 83654
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    New Meadows, ID 83654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Virginia St New Meadows, ID 83654
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