1St Ave Sandpoint, ID 83864
This exceptional commercial investment opportunity encompasses three parcels totaling 2.61 acres on North 1st Avenue in the heart of Sandpoint, Idaho. Boasting 13,404 square feet of existing commercial space, this property enjoys unparalleled visibility and high foot traffic, situated between Main Street and Cedar Street – the highest-grossing commercial block in town. Currently occupied by established, long-term tenants, this portfolio provides immediate and substantial rental income. The property's prime location offers significant potential for future development. Zoned Commercial A, the site allows for construction up to 65 feet, presenting a unique chance to create a mixed-use project that capitalizes on Sandpoint's thriving downtown area. The property's frontage on Sand Creek adds to its aesthetic appeal and desirability. This is a rare chance to acquire a significant piece of Sandpoint's commercial core, offering both immediate return on investment and exciting long-term development possibilities. The existing buildings provide a stable income stream while the zoning and location present a compelling opportunity for future expansion or redevelopment. This is a generational opportunity to own a piece of Sandpoint's vibrant commercial landscape. Don't miss this chance to shape the future of downtown Sandpoint.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.