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Mixed-Use Property with 6 Lodging Units
For Sale
$1,749,000

521 N Third Avenue, Sandpoint, ID 83864

Commercial A zoning supports a range of business uses, with residential use permitted in some mixed-use areas.

Property Size9,000 SF
Price / SF$194.33
Days on Market194

Property Features for 521 N Third Avenue

General Information

Standard status Active
Size 9,000 SF
Property subtype Commercial Building
Zoning Commercial A

Additional Details

Opportunity Zone Yes
Office Build-Out 1,800 SF

Taxes and HOA fees

Annual Taxes $5,519

Building Details

Building Size 9,000 SF
Year Built 1999
Listing Agency: EVERGREEN REALTY
Listed By: Ned Brandenberger · License #AB31386
Source: Idaholuxe
Added: Apr 16 Changed: Oct 26 Last Checked: Oct 26 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EVERGREEN REALTY

Rey
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Investment Insights

Based on property information with market context.

The property brings together 9,000 SF of buildings, including a 3,600 SF open-span bay structure with high ceilings, three oversized doors and two gas furnaces. An additional 1,000 SF room above the bay building has served meeting, office and storage functions. The 1,800 SF office area includes gas heat, a heat pump and air conditioning. Six motel-style units with full bathrooms, shared areas and a full kitchen are also on site. A roughly 1,200 SF unfinished basement beneath the office wing provides separate storage space and is excluded from the stated building total. The roofs were replaced in June 2022 and carry a transferable 50-year warranty.

Zoned Commercial A, the property is across from Bonner General Hospital and lies within an Opportunity Zone. On-street and private off-street parking are available. Uses identified in the source include office, medical and dental, retail, lodging and certain mixed-use residential applications; some uses are subject to restrictions or approval requirements.

Key Highlights

  • 9,000 SF of building area; separate 1,200 SF +/- unfinished basement is excluded
  • 3,600 SF bay building with high ceilings, 3 large doors and 2 industrial gas furnaces
  • Six motel‑style units with full baths, shared areas and a full kitchen

Property Analytics

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Current Use

Bonner County Emergency ... Ambulance Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Florist Tanning Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,684
Businesses Nearby

Demographics for 83864, ID

19,414
Population
9,909
Households
2
Avg Household Size
46
Median Age
37%
College-Educated
93%
High-School Grad
402.2 sq mi
ZIP Area
48
Density / Sq Mi
$68,595
Median Household Income
$34,326
Median Earnings
$1,136
Median Rent
$474,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial A zoning supports a range of business uses, with residential use permitted in some mixed-use areas.
Where is this mixed-use property located?
The property is located at 521 N Third Avenue Sandpoint, ID.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 9,000 SF of building area; separate 1,200 SF +/- unfinished basement is excluded; 3,600 SF bay building with high ceilings, 3 large doors and 2 industrial gas furnaces; Six motel‑style units with full baths, shared areas and a full kitchen
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