1200 Main Ave Challis, ID 83226
This 6,628-square-foot restaurant and bar, built in 1960, is located at 1200 E Main Ave, Challis, ID 83226, just off Highway 93. The property sits on a 6,628-square-foot lot and is zoned for commercial use. The single-story building features a rustic, log structure with western décor, creating a charming small-town atmosphere. The main dining area is complemented by a separate lounge/bar area with bar seating, tables, and casual seating, ideal for enjoying entertainment or socializing. A large banquet room can be opened into the bar area or kept separate for private events. An on-site apartment adds to the property's versatility. The business has operated successfully for over 65 years. The asking price is $645,000 ($97.31 per square foot). A liquor license transfer is pending state approval. A detailed inventory list of operating equipment is available upon request. This presents a unique opportunity for an entrepreneur to continue a long-standing tradition or create a new concept in this prime Challis location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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