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Commercial Land with Freestanding Restaurant
For Sale
$825,000

505 Virginia Street, New Meadows, ID 83654

Commercial Sale, New Meadows, ID

Property Size1,000 SF
Lot Size1.39 Acres
Price / SF$825
Days on Market341

Property Features for 505 Virginia Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
View Valley
Directions This is the SE corner of Highway 55 and Highway 95 in downtown New Meadows, partially occupied by a Subway restaurant.
Subdivision New Meadows City
Standard status Active
APN RPM0240005001
Size 1,000 SF
Lot size 1.39 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Please See Exhibit A
Tax Annual Amount 2815
Legal Description Please See Exhibit A

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 2003
Floors in Building 1
Building materials Brick/Block
Roof type Composition
Listing Agency: Crawford Olson Real Estate Services
Listed By: Robert Crawford · License #DB19240
Added: Sep 18, 2025 Changed: Aug 20 Last Checked: Aug 24 at 11:06PM
MLS# 543543

Copyright © 2026 Mountain Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1.385-acre commercial parcel combines an existing freestanding Subway restaurant with approximately 1 acre of open land. The restaurant contains 1,000 square feet and was built in 2003, with brick/block construction, a composition roof, two bathrooms, public water, and public sewer. Its lease extends through 2035.

The property occupies the southeast corner of Highway 55 and Highway 95 in downtown New Meadows and provides 330 feet of Highway 55 frontage. It carries Central Business District zoning under the City of New Meadows. A deed restriction prohibits gas station use. Environmental remediation received closure from DEQ in June 2000.

Key Highlights

  • 1.385‑acre commercial parcel at the southeast corner of Highway 55 and Highway 95
  • Existing freestanding Subway restaurant with a lease running to 2035
  • Approximately 1 acre of unoccupied land remains available for development

Property Analytics

Current Use

Commercial land

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby
32k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 45%
A&W Restaurant Dining
11,958 visits/mo 0.1 miles
Chevron Shops & Services
9,016 visits/mo 0.1 miles
Sinclair Shops & Services
4,969 visits/mo 0.1 miles
Family Dollar Shops & Services
3,833 visits/mo 0.1 miles
SUBWAY Dining
2,680 visits/mo 0.1 miles

Demographics for 83654, ID

1,752
Population
1,148
Households
1.5
Avg Household Size
54
Median Age
28%
College-Educated
97%
High-School Grad
377.5 sq mi
ZIP Area
5
Density / Sq Mi
$78,875
Median Household Income
$46,875
Median Earnings
$888
Median Rent
$464,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Central Business District land includes an existing freestanding restaurant and additional undeveloped area.
Where is this commercial land located?
The property is located at 505 Virginia Street New Meadows, ID.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1.385‑acre commercial parcel at the southeast corner of Highway 55 and Highway 95; Existing freestanding Subway restaurant with a lease running to 2035; Approximately 1 acre of unoccupied land remains available for development
More about this property
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