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    271 1 Ave Ketchum, ID 83340

    Sponsored
    For Sale
    $4,495,000

    Downtown Ketchum, fully leased, high ROI.

    Property size:
    8,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located in the heart of downtown Ketchum, Idaho, presents a compelling investment opportunity. The 8,688 square foot building, constructed in 1986 and 2000, sits on an oversized 8,250 square foot lot and boasts a desirable Community Core zoning designation. The property features one building with two stories, encompassing four units: two ground-floor commercial spaces and two second-floor apartments. Currently operating at 100% occupancy, the building benefits from long-term, stable tenants, including established businesses such as Sun Valley Title and Kneeland Gallery. The asking price is $4,495,000, translating to $517.38 per square foot. Access is available from both 1st Avenue and a convenient alleyway, with garages provided for the residential units. This stabilized investment offers a prime location in Ketchum's vibrant downtown core, presenting a rare opportunity to acquire a well-established, high-performing mixed-use asset with significant upside potential. The property's address is 271 N 1st Avenue, Ketchum, ID 83340, and its APN is RPK00000580020. The ownership is fee simple.

    Property Features for 271 1 Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,688 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Prime Ketchum, ID downtown location.
    • Oversized 8,250 sq ft lot.
    • Mixed‑use building with four units: two commercial, two residential; currently 100% occupied.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ketchum
    County
    Blaine
    State
    Idaho
    Longitude
    -114.36547554752
    Latitude
    43.67931791107

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Ketchum, fully leased, high ROI.
    Where is this multifamily property located?
    The property is located at 271 1 Ave Ketchum, ID.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: Prime Ketchum, ID downtown location.; Oversized 8,250 sq ft lot.; Mixed-use building with four units: two commercial, two residential; currently 100% occupied.
    Request Owner's contact information
    271 1 Ave Ketchum, ID 83340
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    Ketchum, ID 83340
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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
    271 1 Ave Ketchum, ID 83340
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