202 Overland Dr Burley, ID 83318

Property Details for 202 Overland Dr

Year built

1959

Lot size

0.19 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses two strategically located commercial properties in Burley and Oakley, Idaho, sold as a single package. The properties, known as Farmers Corner - Burley and Farmers Corner - Oakley, present a unique blend of existing income streams and significant future development potential. Farmers Corner - Burley is situated at the highly visible corner of Oakley Highway and 200 South, ensuring excellent exposure and accessibility. Farmers Corner - Oakley enjoys a central location within the town of Oakley, providing convenient access for its clientele. Both locations currently generate income through salon rentals and offer substantial potential for additional revenue through a commercial kitchen. The significant advantage of this offering lies in the substantial additional land parcels accompanying each location. This extra acreage presents a wealth of opportunities for expansion, including the development of additional retail space, self-storage units, or RV parking, all of which would capitalize on the high demand in the area. The combined properties offer a rare chance to acquire established businesses with considerable upside potential for future growth and diversification. The asking price of $3,200,000 reflects the combined value of the existing businesses, the substantial land holdings, and the significant development possibilities. This is an ideal investment for a savvy entrepreneur seeking a portfolio addition with immediate income and long-term growth prospects. The properties are being sold together as a single package. The total land area is 0.19 acres.