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    2 State St Preston, ID 83263

    For Sale
    $2,200,000

    Prime Retail & Office Space, Main Street

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This iconic Preston, ID building, situated on a 0.14-acre lot at the corner of Main and Oneida, presents a unique investment opportunity. Constructed in 1910, the property has undergone a complete and extensive restoration, boasting modern amenities while retaining its historic charm. The building offers a blend of Class A office space ideal for professional services, and prime retail space directly on Main Street, providing exceptional visibility and accessibility. The versatile layout caters to a wide range of businesses. Recent upgrades include a new electrical system, updated plumbing, and the installation of a modern elevator, enhancing functionality and accessibility for all tenants. A fully installed hood system is already in place, making it perfectly suited for a restaurant or food-related business. This property represents a rare chance to own a piece of Preston's history and a thriving commercial center. The building's central location ensures high foot traffic and excellent exposure. Potential buyers are responsible for independently verifying all information provided. This is a remarkable opportunity to acquire a well-maintained, historically significant commercial property with significant upside potential in a vibrant community. The combination of office and retail space makes this a truly diverse and attractive investment.

    Property Features for 2 State St

    General Information

    Property type
    Retail properties
    Lot Size
    6,098 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thorasdatter Design Interior Designer Brandon Brown: Allstate ... Insurance Agency Frankos Chiropractic Chiropractor Massage by McKenzie Massage Therapist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Preston
    County
    Franklin
    State
    Idaho
    Longitude
    -111.8762
    Latitude
    42.0965

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    FAQs

    What type of property is this?
    Retail property - Prime Retail & Office Space, Main Street
    Where is this retail property located?
    The property is located at 2 State St Preston, ID.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (435) 787-4499
    Request Owner's contact information
    2 State St Preston, ID 83263
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    Preston, ID 83263
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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
    2 State St Preston, ID 83263
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