585 Washington StTwin Falls, ID 83301

Property Details for 585 Washington St

Year built

2007

Lot size

0.62 AC

Property size (Sq ft)

4,762 SF

Property type

Retail properties

Property subtype

Strip malls

APN

RPT4261000001E

APU

RPT4261000001E

Description

This exceptional investment opportunity presents a 4,762 square foot retail property located at 585 Washington St N in Twin Falls, Idaho (APN: RPT4261000001EA). The property boasts a 6.01% cap rate and a strong net operating income (NOI) of $45,079, making it an attractive proposition for investors. Currently operating at 100% occupancy, this multi-tenant building offers immediate rental income and stability. The building features a recently replaced roof (less than three years old), ensuring long-term cost savings. Situated on a 0.62-acre lot on a main artery in Twin Falls, the property benefits from high visibility and accessibility. A key feature is the inclusion of a restaurant space complete with a drive-thru window, adding to the property's versatility and income potential. This single-story building is ideal for investors seeking a hassle-free property with existing infrastructure and stable tenants in a thriving location. The asking price is $750,000, translating to $157.50 per square foot. This property offers a strong potential for a favorable return on investment.

Location Insight

City

Twin Falls

County

Twin Falls

State

Idaho

Latitude

42.5721

Longitude

-114.48

CBSA code

46300

CBSA name

TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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