Property profile

115 Lake St Sandpoint, ID 83864

OFF-MARKET
Investment properties
0.41 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Lot 0.41 ac (17,860 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Condominium Complex
  • Vacation Rental Real Estate Agency

Location

115 Lake St Sandpoint, ID 83864
Sandpoint metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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