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    100 Ave Ave Sandpoint, ID 83864

    For Sale
    $5,750,000

    Downtown Sandpoint, Two Buildings, Lake Views

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property presents a rare opportunity in Sandpoint, Idaho's vibrant downtown. Situated on coveted First Avenue waterfront, this offering encompasses two separate buildings totaling over 10,000 square feet. The property includes versatile space ideal for a variety of commercial uses. This includes existing office spaces, a dedicated conference room, and a substantial private residence. A significant component is the established restaurant space, complete with expansive outdoor patios and terraced seating areas providing breathtaking marina views. Adding to the appeal is an existing resort liquor license, simplifying the transition for a new owner. The property also benefits from the inclusion of a vacant lot situated between the two buildings, offering potential for future development or expansion. Located in a Federal Opportunity Zone, this investment presents potential tax advantages for qualified investors. Sandpoint's thriving community, nestled on the shores of Lake Pend Oreille and surrounded by the stunning Selkirk Mountains and Schweitzer Mountain Ski Resort, attracts visitors globally, ensuring a strong and consistent market for this unique commercial offering. The 0.37-acre lot provides ample space and adds to the overall value and potential of this remarkable property. This is a truly exceptional opportunity to own a piece of Sandpoint's thriving commercial waterfront.

    Property Features for 100 Ave Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,117 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5476
    Latitude
    48.27297

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Sandpoint, Two Buildings, Lake Views
    Where is this commercial real estate located?
    The property is located at 100 Ave Ave Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $5,750,000.
    (208) 664-4200
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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
    100 Ave Ave Sandpoint, ID 83864
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