Turn-Key Restaurant with
6242 W Maine ST Spirit Lake, ID 83869
New
For Sale
$415,000
Pending
Newly remodeled restaurant includes a pizza conveyor oven and beer/wine license, plus an attached 2-bedroom apartment.
Property Size2,852 SF
Days on Market4
Property Features for 6242 W Maine ST
General Information
- Standard status
- Pending
- Size
- 2,852 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing Agency:
NextHome Cornerstone Realty
(208) 627-2289
Listed By:
Jaclyn Wakefield · License #DB47809
Source:
Clearwaterproperties
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 2:11PM
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 NextHome Cornerstone Realty
Investment Insights
Based on property information with market context.
This newly remodeled restaurant property comes with building, land, and business assets, including a kitchen build-out intended for a pizza or sandwich concept. The improvements noted include a large pizza conveyor oven, new hood, new table tops and bars, new flooring, fresh paint, updated fixtures, and added fire suppression along with a grease trap. The sale also includes a beer and wine license.
A 2-bedroom apartment is located in back, along with a 1-car garage. Permits are noted as in place, and the operation is currently open seasonally.
The property is positioned for neighborhood convenience, with local schools nearby and recurring community activity described for the area.
A 2-bedroom apartment is located in back, along with a 1-car garage. Permits are noted as in place, and the operation is currently open seasonally.
The property is positioned for neighborhood convenience, with local schools nearby and recurring community activity described for the area.
Key Highlights
- Newly remodeled restaurant with pizza conveyor oven, new hood, new table tops, new bars, new flooring, paint, and fixtures
- Includes beer and wine license
- Fire suppression system and grease trap included
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 | $45.5k | $15.96 |
| − Vacancy | −$1.7k | −$0.61 |
| EGI | $43.8k | $15.35 |
| − OpEx | −$10.9k | −$3.84 |
| NOI | $32.8k | $11.52 |
2,852 SF · lease $15.96/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$469.2K
$410.5K – $547.4K
NOI $32,841 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.7K
$541.3K – $721.8K
NOI $43,307 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Newly remodeled restaurant includes a pizza conveyor oven and beer/wine license, plus an attached 2-bedroom apartment.
Where is this conventional restaurant located?
The property is located at 6242 W Maine ST Spirit Lake, ID.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Newly remodeled restaurant with pizza conveyor oven, new hood, new table tops, new bars, new flooring, paint, and fixtures; Includes beer and wine license; Fire suppression system and grease trap included
