Payette, ID 83661
This exceptional mixed-use property presents a rare investment opportunity in the heart of downtown Payette, Idaho. The 12,889 square foot building boasts a unique indoor mall atmosphere, housing eleven individual retail or office spaces, each offering flexibility for various businesses. Three additional storage units provide further income potential. An inviting open courtyard and mezzanine area enhance the shopping experience, creating a vibrant atmosphere for tenants and customers. A shared public restroom adds convenience. The property also includes five residential apartments: two one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and one two-bedroom/two-bathroom unit (currently under construction). The residential section benefits from a separate back entrance and a shared laundry room. Significant recent upgrades enhance the property's value and minimize future maintenance needs. These include brand new HVAC systems throughout, a roof replacement in 2022, updated flooring, and a modernized fire alarm system. A large, unfinished basement, not included in the listed square footage, offers ample additional storage and space for mechanical systems. Situated on a 0.21-acre lot, this turn-key investment property is currently generating income from the majority of its spaces, making it an attractive opportunity for a savvy investor seeking immediate returns. The combination of commercial and residential units provides a diversified income stream and strong potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.