Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    115 Lake St Sandpoint, ID 83864

    For Sale
    $2,100,000

    Historic Steakhouse, Turnkey Operation, .41 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    The Hydra Steakhouse & Lounge, a renowned Sandpoint establishment since 1975, presents a unique investment opportunity. This turnkey business includes the iconic name, all equipment, a valuable liquor license, and a loyal customer base cultivated over decades. The expansive 6,742 square foot building boasts an eclectic multi-room dining area, creating a versatile and inviting atmosphere. Multiple fireplaces contribute to a cozy ambiance, perfectly complementing the vast, commercial-grade kitchen. Its prime location in Sandpoint ensures high visibility and accessibility, placing it within minutes of 1st Avenue shopping, hotels, and City Beach. The property encompasses 0.41 acres, providing ample parking and a large, shaded outdoor lounge deck. This exceptional offering represents a chance to acquire a piece of Sandpoint's history and a thriving, well-established business. The sale includes all aspects necessary for immediate operation, making this a truly rare and attractive commercial property. The established reputation and loyal clientele provide a solid foundation for continued success. This is a remarkable opportunity to own a significant piece of Sandpoint's culinary landscape.

    Property Features for 115 Lake St

    General Information

    Property type
    Investment properties
    Lot Size
    17,860 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    The Hydra Steakhouse Steak House Sandcreek Lofts at Sandpoint ... Condominium Complex DM Vacations - Sandcreek ... Vacation Home Rental Agency

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5485
    Latitude
    48.27202

    Nearby Similar for Sale

    • New
      $900,000
      5,600 SF

      Turnkey Childcare Facility in Sandpoint

      Modern, fully-equipped childcare facility on a large corner lot.
      102 S Division Ave, Sandpoint, ID 83864
      View Details
    • $4,150,000
      48,000 SF

      Sandpoint Warehouse with Pallet Racking

      48,000 SqFt warehouse in excellent condition near Sandpoint Airport.
      1106 Airpark Ct, Sandpoint, ID 83864
      View Details
    • $1,400,000
      5,400 SF

      Commercial Property with Highway Frontage

      Commercial real estate with tenant in place in Sandpoint/Ponderay area.
      478544 Us-95, Sandpoint, ID 83864
      View Details
    • $1,800,000
      4,599 SF

      New Townhomes Near Downtown Sandpoint

      Four newly built townhomes in a prime Sandpoint location.
      1683 Onyx Ct, Sandpoint, ID 83864
      View Details
    • $449,000

      Established Insulation Business For Sale

      Successful insulation business with 25 years of excellence in North Idaho.
      Sandpoint, ID 83864
      View Details
    • $435,000
      0.27 Acres

      Waterfront Recreation Lot Near Sandpoint

      Waterfront lot on Pend Oreille River, ready for immediate enjoyment.
      Eagleview Ln, Sandpoint, ID 83864
      View Details

    FAQs

    What type of property is this?
    Investment property - Historic Steakhouse, Turnkey Operation, .41 Acres
    Where is this investment property located?
    The property is located at 115 Lake St Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (208) 255-7772
    Request Owner's contact information
    115 Lake St Sandpoint, ID 83864
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Lake St
    Sandpoint, ID 83864
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    115 Lake St Sandpoint, ID 83864
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.