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    1258 Overland Ave Burley, ID 83318

    For Sale
    $495,000

    Historic building, high potential, prime location.

    Property size:
    10,702 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This iconic 10,702 square foot building, situated on a 0.23-acre lot at 1258 Overland Ave in downtown Burley, ID, presents a unique investment opportunity. Originally constructed over a century ago as a bank, this stately structure boasts a rich history, having served the community as a bank, market, department store, and most recently, as retail space. The attached building on 13th Street adds to the property's considerable footprint and has housed a travel agency for many years. The elegant upper level, previously utilized as professional office space for various businesses including a corporate headquarters, offers significant untapped potential. While currently vacant, this expansive area retains its original charm and presents a blank canvas for creative redevelopment. A full basement further enhances the property's versatility. This centrally located property in Burley's vibrant downtown area is ideally positioned to capitalize on the community's growth and offers a rare chance to revitalize a piece of local history. The property's size, location, and historical significance make it an exceptional investment opportunity for those seeking a unique and substantial project. The asking price is $495,000.

    Property Features for 1258 Overland Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,702 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1905
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burley
    County
    Cassia
    State
    Idaho
    Longitude
    -113.7936
    Latitude
    42.53695

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, high potential, prime location.
    Where is this commercial real estate located?
    The property is located at 1258 Overland Ave Burley, ID.
    What is the asking price?
    The asking price for this property is $495,000.
    (208) 878-2121
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    1258 Overland Ave Burley, ID 83318
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    Burley, ID 83318
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1258 Overland Ave Burley, ID 83318
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