Turnkey Bar and Grill Corner
611 E Seltice Way Post Falls, ID 83854
611 E Seltice Way, Post Falls, ID, 83854
$1,695,000
For Sale
$1,695,000
Turnkey bar and grill on a high-visibility corner lot with separate full-service restaurant and bar spaces.
Property Size6,751 SF
Lot Size1.00 Acre
Price / SF$251.07
Days on Market69
Property Features for 611 E Seltice Way
General Information
- Standard status
- Active
- Size
- 6,751 SF
- Lot size
- 1.00 Acre
Building Details
- Year Built
- 1960
Listing agency
Windermere/Coeur d'Alene Realty Inc
(208) 691-0390
Listed by
Josh Suhr · License #SP31054
Source
Purewestrealestate
Added: May 14 Updated: Jul 20 at 9:13PM Checked: Jul 21 at 3:04AM
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 Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
This turnkey bar and grill is positioned on a high-visibility corner lot and includes two distinct revenue-generating spaces. The property contains a 2,382 SF full-service restaurant and a 4,369 SF bar, together totaling 6,751 SF of operating space designed to support dining and bar service.
Located along Seltice Way, a heavily traveled commercial corridor with an average traffic count of 17,000 daily, the site offers strong street presence and convenience for drive-up patrons. The property also includes ample parking.
With a combined setup that supports both restaurant and bar operations, the layout provides straightforward continuity for an owner looking to maintain the current concept, while also offering flexibility for future adjustments within the existing footprint.
Located along Seltice Way, a heavily traveled commercial corridor with an average traffic count of 17,000 daily, the site offers strong street presence and convenience for drive-up patrons. The property also includes ample parking.
With a combined setup that supports both restaurant and bar operations, the layout provides straightforward continuity for an owner looking to maintain the current concept, while also offering flexibility for future adjustments within the existing footprint.
Key Highlights
- Turnkey bar and grill on a high‑visibility corner lot along Seltice Way in Post Falls
- Average traffic count of 17,000 daily along Seltice Way
- Approx. 1‑acre lot with ample parking
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.7k | $15.96 |
| − Vacancy | −$4.1k | −$0.61 |
| EGI | $103.7k | $15.35 |
| − OpEx | −$25.9k | −$3.84 |
| NOI | $77.7k | $11.52 |
6,751 SF · lease $15.96/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$971.7K – $1.30M
NOI $77,739 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,513 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Falls Club
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- The Bunker Bar — 702 N Spokane St, Post Falls, ID 83854
- Snack Vault — 905 E 2nd Ave, Post Falls, ID 83854
- 99 Whiskey Lounge — Upstairs, 302 N Spokane St, Post Falls, ID 83854
- Republic Kitchen+Taphouse — 120 E 4th Ave, Post Falls, ID 83854
- The Filling Station Post Falls — 306 N Spokane St, Post Falls, ID 83854
FAQs
What type of property is this?
Bar & Pub - Turnkey bar and grill on a high-visibility corner lot with separate full-service restaurant and bar spaces.
Where is this bar & pub located?
The property is located at 611 E Seltice Way Post Falls, ID.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Turnkey bar and grill on a high‑visibility corner lot along Seltice Way in Post Falls; Average traffic count of 17,000 daily along Seltice Way; Approx. 1‑acre lot with ample parking
