1St Ave Sandpoint, ID 83864
- Commercial real estate
- 13,404 SF
- 2.61 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1St Ave
- Year built
- 1975
- Lot size
- 2.61 lot acres
- Property size
- 13,404 SF
- Property type
- Commercial real estate
Description
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.
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
- Sandpoint
- County
- Bonner
- State
- Idaho
- Longitude
- -116.513
- Latitude
- 48.3102