201 Mckinley Ave Kellogg, ID 83837

This exceptional investment opportunity presents a remarkable chance to acquire a piece of Kellogg's history: the iconic Rio Hotel. Situated on a 0.16-acre lot at 201 McKinley Avenue, this 6,470 square foot multi-use property boasts a proven track record of success. The building currently comprises fourteen apartments, each with a history of consistent rental income, providing a stable and reliable revenue stream for the new owner. In addition to the residential units, the property includes a former tavern, offering significant potential for redevelopment or repurposing. A leased dance hall and office spaces further diversify the income streams and usage possibilities. An on-site manager is currently in place, streamlining operations and ensuring efficient property management. The property's prime location in uptown Kellogg places it within easy walking distance of a vibrant array of local pubs and restaurants, ensuring high visibility and convenient access for both residents and commercial tenants. This is a rare opportunity to own a significant piece of Kellogg's commercial landscape, offering substantial income potential and the chance to shape the future of this historic landmark. The asking price is $797,000. This property is being sold as-is.