116 Main St Grangeville, ID 83530-1932

Property Details for 116 Main St

Lot size

0.12 lot acres

Property type

Commercial real estate

APN

RP G0390004002A A

APU

RPG0390004002AA

Description

This exceptional portfolio offers two fully occupied, historic theatres in Idaho: the Blue Fox in Grangeville (built 1930, 10,209 sq ft, 230 main floor seats, 90-seat balcony) and the Rex in Orofino (built 1913, 10,209 sq ft). Both boast strong NOI ($55,499 total) and a 4.5% cap rate, reflecting their established presence in their respective communities. The Blue Fox, a Spanish Colonial Revival-style building, is eligible for the National Register of Historic Places, featuring a striking two-story design, neon-lit marquee, and brick/stucco exterior. It serves as Grangeville's sole movie theatre, benefiting from a captive audience and the town's growing tourism. The Rex Theatre, built in 1913, retains original features like a piano pit and sloping floor, while incorporating modern upgrades like digital projection. Located in Orofino, it also enjoys a loyal local following and benefits from the town's proximity to outdoor recreational attractions. Both properties are situated on relatively small lots (0.19 acres total) and command a high price per square foot ($121.46) and land value ($8,319/SF). This portfolio presents a unique opportunity to acquire established, income-producing assets with significant historical value and strong potential for future growth. The combined asking price is $1,240,000, representing a compelling investment in Idaho's cultural heritage.

Location Insight

City

Grangeville

County

Idaho

State

Idaho

Longitude

-116.12

Latitude

45.9256

Property Tax & Assessments