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Payette, ID 83661

For Sale
$1,200,000

Historic building, 11 retail/office spaces, 5 apartments.

Property size:
12,889 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
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.

Property Features for

General Information

Property type
Other commercial real estate
Square Feet
12,889 SF
Lot Size
9,148 SF

Building Details

Year Built
1920

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Payette
County
Payette
State
Idaho
Longitude
-116.935
Latitude
44.0743

FAQs

What type of property is this?
Commercial real estate - Historic building, 11 retail/office spaces, 5 apartments.
Where is this commercial real estate located?
The property is located at Payette, ID.
What is the asking price?
The asking price for this property is $1,200,000.
More about this property
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