201 Mckinley Ave Kellogg, ID 83837

Property Details for 201 Mckinley Ave

Lot size

0.16 lot acres

Property size

6,470 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a remarkable chance to acquire a piece of Kellogg's history: the iconic Rio Hotel. Situated on a 0.16-acre lot at 201 McKinley Avenue, this 6,470 square foot multi-use property boasts a proven track record of success. The building currently comprises fourteen apartments, each with a history of consistent rental income, providing a stable and reliable revenue stream for the new owner. In addition to the residential units, the property includes a former tavern, offering significant potential for redevelopment or repurposing. A leased dance hall and office spaces further diversify the income streams and usage possibilities. An on-site manager is currently in place, streamlining operations and ensuring efficient property management. The property's prime location in uptown Kellogg places it within easy walking distance of a vibrant array of local pubs and restaurants, ensuring high visibility and convenient access for both residents and commercial tenants. This is a rare opportunity to own a significant piece of Kellogg's commercial landscape, offering substantial income potential and the chance to shape the future of this historic landmark. The asking price is $797,000. This property is being sold as-is.