306 Main StHailey, ID 83333

Property Details for 306 Main St

Lot size

0.33 AC

Property size (Sq ft)

2,623 SF

Property type

Other commercial real estate

APN

RPH00000210110

APU

RPH00000210110

Description

This exceptional 0.33-acre property at 306 S Main St, Hailey, ID, presents a lucrative investment opportunity. Currently fully occupied with below-market rents, this building offers immediate cash flow. The significant potential for expansion is a key advantage. Preliminary discussions with the city have explored the possibility of adding a new structure containing twelve one-bedroom units, significantly increasing the property's value and rental income. The existing building's location in the heart of Hailey ensures high demand and strong tenant occupancy. This prime location offers easy access to local amenities, businesses, and transportation. The substantial lot size allows for the construction of additional units, making this an ideal project for developers seeking to capitalize on Hailey's thriving real estate market. The current below-market rents provide a significant opportunity to increase profitability upon lease renewals. This property is priced at $1,175,000 and represents a rare chance to acquire a high-yield asset with substantial upside potential in a desirable location. The existing building's condition and tenant occupancy will be disclosed upon request. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $551,646

  Hospitality

  $505,305

  Educational

  $420,408

  Medical

  $434,866

  Retail

  $653,968

Location Insight

City

Hailey

County

Blaine

State

Idaho

Latitude

43.5176

Longitude

-114.313

CBSA code

25200

CBSA name

HAILEY, ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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