Iconic Restaurant Bar
601 W APPLEWAY AVE Coeur d Alene, ID 83815
For Sale
Contact for pricing
Turnkey restaurant and bar established in 1977 on Appleway.
Property Size5,600 SF
Lot Size0.42 Acres
Price / SF$330.36
Days on Market840
Property Features for 601 W APPLEWAY AVE
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.42 Acres
- Property subtype
- Special Purpose
Listing Agency:
CENTURY 21 Beutler & Associates
Listed By:
Robert Reagan · License #ID
Source:
Crexi
Added: Apr 5, 2024
Changed: Jul 6
Last Checked: Jul 23 at 12:44PM
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 CENTURY 21 Beutler & Associates
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar has been in operation since 1977, presenting a significant opportunity for a new owner with potential for growth. The 5600 square foot building is situated on a 0.42-acre corner lot on Appleway. The building is in excellent condition and benefits from all city services. This property is suitable for bars, pubs, restaurants, and other commercial real estate ventures.
Key Highlights
- Established Restaurant Bar Operating Since 1977
- Turn‑Key Business Opportunity
- 5600 Sq. Ft. Building
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 | $89.4k | $15.96 |
| − Vacancy | −$3.4k | −$0.61 |
| EGI | $86.0k | $15.35 |
| − OpEx | −$21.5k | −$3.84 |
| NOI | $64.5k | $11.52 |
5,600 SF · lease $15.96/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$921.2K
$806.1K – $1.07M
NOI $64,485 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,035 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paddy's Sports Bar
Bar & Pub
Similar Off Market Nearby
- Stylus Wine and Vinyl Bar — 2605 N 4th St Ste. 105, Coeur d'Alene, ID 83815
- Sunset Bar — 122 E Appleway Ave, Coeur d'Alene, ID 83814
- Paddy's Sports Bar — 601 West Appleway Ave., Coeur d'Alene, ID 83814
- The Growler Guys — 225 West Appleway Ave., Coeur d'Alene, ID 83814
- Sand Trap Indoor Golf - Coeur d’Alene — 2930 N Government Wy, Coeur d'Alene, ID 83815
FAQs
What type of property is this?
Bar & Pub - Turnkey restaurant and bar established in 1977 on Appleway.
Where is this bar & pub located?
The property is located at 601 W APPLEWAY AVE Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Established Restaurant Bar Operating Since 1977; Turn‑Key Business Opportunity; 5600 Sq. Ft. Building
