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    24777 Highway 93 Challis, ID 83226

    Sponsored
    For Sale
    $199,900

    Prime 5.6-acre commercial lot, highway access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5.6-acre commercial parcel presents a remarkable opportunity for development. Strategically located just north of Challis, Idaho, on Highway 93, this property boasts significant highway frontage, ensuring high visibility and accessibility. The land is ready for immediate development, eliminating the need for extensive site preparation. Its expansive size allows for a wide range of commercial ventures, from retail establishments and restaurants to light industrial uses or even a mixed-use development. The possibilities are truly limitless, given the property's prime location and ample space. The asking price of $199,900 represents an attractive investment in a growing area. This is a rare chance to acquire a substantial commercial property in a desirable location with excellent highway exposure. The absence of existing structures allows for complete design flexibility, tailoring the development to perfectly meet your specific business needs. Don't miss this exceptional opportunity to establish your business in a thriving community. Serious inquiries are encouraged to explore this promising investment. The property is conveniently situated for easy access to Challis and surrounding areas, offering significant potential for growth and return on investment.

    Property Features for 24777 Highway 93

    General Information

    Property type
    Other commercial real estate
    Lot Size
    243,936 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Pharmacy Gym & Fitness Department Store Grocery Store Electrical Service Convenience Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Challis
    County
    Custer County
    State
    Idaho
    Longitude
    -114.213
    Latitude
    44.51916

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 5.6-acre commercial lot, highway access.
    Where is this commercial real estate located?
    The property is located at 24777 Highway 93 Challis, ID.
    What is the asking price?
    The asking price for this property is $199,900.
    (208) 879-4663
    Request Owner's contact information
    24777 Highway 93 Challis, ID 83226
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    Challis, ID 83226
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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
    24777 Highway 93 Challis, ID 83226
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