200 Highway 93Challis, ID 83226

Property Details for 200 Highway 93

Year built

1990

Lot size

0.55 AC

Property size (Sq ft)

1,280 SF

Property type

Hospitality properties

Property subtype

Motels

APN

RPA0004003008B

APU

RPA0004003008B

Description

This exceptional commercial property, situated at 200 N Hwy 93 in Challis, Idaho, presents a unique investment opportunity. Boasting a prime corner location at the intersection of Main Street and Highway 93, this 1280 square foot building offers unparalleled visibility and accessibility for a wide range of businesses. The property includes ample parking, a covered patio perfect for outdoor seating or operations, and a recently landscaped shrub area enhancing curb appeal. Additional storage is provided by a separate shed on the 0.03-acre lot. Inside, the building features impressive 12-foot ceilings in the main office area, creating a bright and spacious atmosphere. The front of the building also includes high ceilings and a large shop door, offering versatile space adaptable to various business needs. The rear of the building currently comprises a bathroom, storage room, and a bedroom, providing additional flexibility for expansion or customized layouts. The property's exceptional location, combined with its versatile interior and exterior features, makes it an ideal investment for entrepreneurs seeking a high-visibility commercial space in a thriving community. Priced at $349,500, this property offers significant potential for return on investment. Don't miss this chance to own a piece of Challis's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $267,077

  6.5%

  $246,533

  7%

  $228,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $641,336

  Geo Method

  $641,336

• Alternative Use

  Use

  Valuation

  Residential

  $269,142

  Hospitality

  $246,533

  Educational

  $205,112

  Medical

  $212,166

  Retail

  $319,063

Location Insight

City

Challis

County

Custer

State

Idaho

Latitude

44.5065

Longitude

-114.224

Property Tax & Assessments

FAQs

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