320 1 Ave Ketchum, ID 83340
- Retail properties
- 1,894 SF
Current Use by Public Records
- Retail properties
Property Details for 320 1 Ave
- Year built
- 1996
- Property size
- 1,894 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ketchum
- County
- Blaine
- State
- Idaho
- Longitude
- -114.366
- Latitude
- 43.6797
