365 Ririe HwyRirie, ID 83443
- Retail properties
- 5,712 SF
For Sale
$1,850,000
View listing
Property Details for 365 Ririe Hwy
- Year built
- 1962
- Lot size
- 0.29 AC
- Property size (Sq ft)
- 5,712 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- RPF00000052558
- APU
- RPF00000052558
Description
This exceptional investment opportunity presents a thriving, multi-faceted business complex in Ririe, Idaho. The 1.2-acre property encompasses a 6,000 square foot Chevron gas station, a well-established convenience store, a fully operational mechanic shop, a laundromat, a car wash, and a small office building. All are currently operating at 100% occupancy. This established business has served the community for over 40 years, demonstrating consistent profitability and strong community ties. The property consists of five buildings, all single-story structures. The asking price is $1,850,000, translating to $308.33 per square foot. The property also includes a restaurant and a mobile home park
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,501,616
- 6.5%
- $1,386,108
- 7%
- $1,287,100
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,068,996
- Geo Method
- $3,068,996
-
Alternative Use
- Use
- Valuation
- Residential
- $1,169,234
- Hospitality
- $1,071,012
- Educational
- $891,069
- Medical
- $921,714
- Retail
- $1,386,108
365 Ririe Hwy, Ririe, Idaho
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Location Insight
- City
- Ririe
- County
- Bonneville
- State
- Idaho
- Latitude
- 43.6268
- Longitude
- -111.777
- CBSA code
- 26820
- CBSA name
- IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,185
$18,884
$232,908
$251,792
-
$18,884
$232,908
$251,792
Comparable in this City
Similar Nearby for Sale
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