Main St Payette, ID 83661
- Commercial real estate
- 9,483 SF
- 0.33 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Main St
- Year built
- 1920
- Lot size
- 0.33 lot acres
- Property size
- 9,483 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two adjacent retail buildings located on Main Street in Payette, Idaho. The combined property encompasses 9,483 square feet and sits on a 0.33-acre lot. Both buildings are currently under Net Net Net (NNN) leases, providing a passive income stream for the investor. Building 107 N Main Street is leased to a restaurant tenant with a lease term of two years remaining. Building 109 N Main Street is leased to a family-friendly recreation and entertainment business under a five-year lease extending through 2029. Significant improvements, totaling approximately $190,000, have recently been completed at 109 Main Street to accommodate the new tenant. These renovations are expected to enhance the property's value and appeal. The tenant at 109 Main Street is slated to commence operations in mid-November 2024. This package deal offers a compelling opportunity to acquire a stable, income-generating property in a desirable location with long-term lease agreements in place. The asking price for this combined property is $1,000,000. This represents a strong return on investment given the existing leases and recent renovations. The property's Main Street location ensures high visibility and accessibility, making it an attractive proposition for both current and future tenants. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Payette
- County
- Payette
- State
- Idaho
- Longitude
- -116.935
- Latitude
- 44.0754
