Technical
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Property profile

11 12Th Ave Rd Nampa, ID 83651

OFF-MARKET
Retail properties & Spaces
3,080 SF 0.07 ac lot Built 1889
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 11 12th Ave Rd in Nampa, Idaho, presents a unique investment opportunity. Built in 1889, this 3,080 square foot building boasts a rich history, having served as a butcher shop, lounge, and most recently, Pete's Tavern. The main level features two separate entertaining areas, potentially ideal for a restaurant's back kitchen setup. Significant updates have been made to the plumbing, electrical, and sewer lines during the 1990s and 2000s. A full basement offers access to the renowned Nampa tunnels, adding a distinctive character to the property. Upstairs, a recently remodeled 1,160 square foot, two-bedroom, one-bathroom apartment includes a new water heater, swamp cooler, and furnace. This apartment features three entrances, one directly connecting to the main level, making it perfect for an owner-occupant. The property includes one parking space behind the building, supplemented by ample street parking. The 0.07-acre lot is zoned DH, offering flexibility for various uses. The asking price is $700,000, translating to $227.27 per square foot. A built-in cooler is on-site. The current tenant has agreed to lease the apartment for one year post-purchase. This prime location in revitalized downtown Nampa offers significant potential for a variety of businesses and residential uses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1889
Total area 3,080 SF
Lot 0.07 ac (3,049 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
  • Bar & Pub

Location

11 12Th Ave Rd Nampa, ID 83651
Nampa metro
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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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