26 Us-20, Ashton, ID 83420

Property Details for 26 Us-20

Year built

1965

Lot size

0.39 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents the Ashton Frostop Drive-In, a profitable, established restaurant located at 26 US-20, Ashton, ID 83420. Boasting a rich history since 1965, this iconic landmark features a 1,332 square foot building situated on a 0.386-acre lot. The property benefits from a highway commercial zoning designation and enjoys 100% occupancy. Recently renovated in 2022, the building showcases a classic 1960s aesthetic, including a new roof and updated exterior and dining area. The restaurant serves a popular menu of American comfort food, including burgers, fish, and chicken baskets, along with a full selection of ice cream treats. The property's prime location on US Highway 20, a major thoroughfare to popular tourist destinations like Island Park and West Yellowstone, ensures high visibility and consistent traffic. Further enhancing its accessibility, a new traffic light is scheduled for installation at the intersection of Ashton Main Street and Highway 20. The business has a strong local following and actively participates in community events. Offered at $975,000, with a 3.00% cap rate, this represents a rare chance to acquire a thriving, established business in a rapidly growing area. The sale includes all existing business assets. The property is a single-tenant, gross leasehold with no remaining lease term. This is a turnkey operation ready for immediate income generation.

Location Insight

City

Ashton

County

Fremont

State

Idaho

Longitude

-111.456

Latitude

44.0716