521 3Rd Ave Sandpoint, ID 83864
- Commercial real estate
- 5,984 SF
- 0.33 lot acres
Current Use by Public Records
- Bonner County Emergency Medical Services / Ambulance Service
Property Details for 521 3Rd Ave
- Year built
- 1999
- Lot size
- 0.33 lot acres
- Property size
- 5,984 SF
- Property type
- Commercial real estate
- APN
- RPS0129018011AA
- APU
- RPS0129018011AA
Description
This exceptional commercial property, situated across from Bonner General Hospital in Sandpoint, Idaho, presents a remarkable investment opportunity. Spanning 9,000 square feet on a 0.33-acre lot, this property boasts a diverse range of potential uses, falling within an Opportunity Zone and zoned Commercial A, mirroring the downtown core. The property includes a large, 3,600 square foot "Ambulance Bay" building constructed in 1999, featuring high ceilings, three expansive bay doors, and two industrial gas furnaces. Above this building is a 1,000 square foot open space, previously used as a meeting room, with residential conversion potential. A 1,800 square foot office building, built in 1985 and expanded in 1999, offers five offices, three bathrooms (including two private offices), and a gas furnace with heat pump and AC. A 1960s motel section contains five residential quarters, each with a full bath, plus two common areas, an office, and a full kitchen. Three residential quarters have baseboard heat
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $540,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $650,000
- Retail
- $605,000
- Mixed-Use
- $595,000
- Hospitality
- $590,000
- Educational
- $585,000
- Residential Income
- $490,000
- Energy
- $550,000
- Income-Based Land
- $545,000
- Food Service
- $575,000
Location Insight
- Map
- Local Demand
- City
- Sandpoint
- County
- Bonner
- State
- Idaho
- Longitude
- -116.551
- Latitude
- 48.278
- CBSA code
- 41760
- CBSA name
- SANDPOINT, ID MICROPOLITAN STATISTICAL AREA
