115 Lake St Sandpoint, ID 83864
The Hydra Steakhouse & Lounge, a renowned Sandpoint establishment since 1975, presents a unique investment opportunity. This turnkey business includes the iconic name, all equipment, a valuable liquor license, and a loyal customer base cultivated over decades. The expansive 6,742 square foot building boasts an eclectic multi-room dining area, creating a versatile and inviting atmosphere. Multiple fireplaces contribute to a cozy ambiance, perfectly complementing the vast, commercial-grade kitchen. Its prime location in Sandpoint ensures high visibility and accessibility, placing it within minutes of 1st Avenue shopping, hotels, and City Beach. The property encompasses 0.41 acres, providing ample parking and a large, shaded outdoor lounge deck. This exceptional offering represents a chance to acquire a piece of Sandpoint's history and a thriving, well-established business. The sale includes all aspects necessary for immediate operation, making this a truly rare and attractive commercial property. The established reputation and loyal clientele provide a solid foundation for continued success. This is a remarkable opportunity to own a significant piece of Sandpoint's culinary landscape.
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The Hydra Steakhouse Restaurant
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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
Similar Nearby for Sale
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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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.