320 1 AveKetchum, ID 83340

Property Details for 320 1 Ave

Year built

1996

Property size (Sq ft)

1,894 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional Class A commercial property in downtown Ketchum, Idaho presents a compelling investment opportunity. Located at 320 1st Ave N, Units 1B & 1C, this fee-simple ownership encompasses two platted units offering three separate leasable spaces totaling 1,894 net rentable square feet. Currently boasting 100% occupancy with three tenants, the property generates a strong NOI of $59,003, resulting in a 5.41% cap rate. Built in 1996, the three-story building features desirable amenities including three parking spaces and contemporary common areas with concrete floors and high ceilings. The units benefit from stunning views of Baldy Mountain. Leases are net, with rent bumps tied to the CPI. The property is zoned Community Core and offers a blend of retail and creative office space, making it highly attractive to a diverse tenant pool. This stabilized investment, with its prime downtown location and strong tenant base, represents a rare opportunity in the thriving Ketchum market. The property includes two separate parcels, providing flexibility and potential for future development. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Ketchum

County

Blaine

State

Idaho

Latitude

43.6797

Longitude

-114.366

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