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    1St Ave Sandpoint, ID 83864

    For Sale
    $3,995,000

    Downtown Sandpoint, high-grossing, development potential.

    Property size:
    13,404 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial investment opportunity encompasses three parcels totaling 2.61 acres on North 1st Avenue in the heart of Sandpoint, Idaho. Boasting 13,404 square feet of existing commercial space, this property enjoys unparalleled visibility and high foot traffic, situated between Main Street and Cedar Street – the highest-grossing commercial block in town. Currently occupied by established, long-term tenants, this portfolio provides immediate and substantial rental income. The property's prime location offers significant potential for future development. Zoned Commercial A, the site allows for construction up to 65 feet, presenting a unique chance to create a mixed-use project that capitalizes on Sandpoint's thriving downtown area. The property's frontage on Sand Creek adds to its aesthetic appeal and desirability. This is a rare chance to acquire a significant piece of Sandpoint's commercial core, offering both immediate return on investment and exciting long-term development possibilities. The existing buildings provide a stable income stream while the zoning and location present a compelling opportunity for future expansion or redevelopment. This is a generational opportunity to own a piece of Sandpoint's vibrant commercial landscape. Don't miss this chance to shape the future of downtown Sandpoint.

    Property Features for 1St Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,404 SF
    Lot Size
    113,692 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5129
    Latitude
    48.31021

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Sandpoint, high-grossing, development potential.
    Where is this commercial real estate located?
    The property is located at 1St Ave Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $3,995,000.
    (208) 263-6370
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    1St Ave Sandpoint, ID 83864
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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.

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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
    1St Ave Sandpoint, ID 83864
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