120 3Rd St Emmett, ID 83617
- Commercial real estate
- 0.45 lot acres
Current Use by Public Records
- Community Bible Church / Church / Non-Denominational Church
Property Details for 120 3Rd St
- Year built
- 1966
- Lot size
- 0.45 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment property, located at 120 E 3rd Street in the heart of Emmett, Idaho, presents a unique sale-leaseback opportunity. Currently occupied by a church, the property boasts a substantial 0.45-acre lot and offers significant redevelopment potential. The existing structure features a two-level layout encompassing large, open spaces ideal for various uses, complemented by several private offices or classrooms, a kitchen, and multiple restrooms. A detached garage/storage area provides additional utility. The church will lease back the property for a guaranteed two-year term following the closing date, providing immediate and consistent income. This presents a compelling investment opportunity with diverse future possibilities. The property's central location in downtown Emmett makes it suitable for a wide range of commercial ventures, including a charter school, office space, gymnasium or sports facility, retail establishment, or even a new church. The substantial lot size allows for expansion or redevelopment to meet the needs of a variety of tenants or uses. The existing infrastructure provides a solid foundation for immediate occupancy or a swift renovation project. This is a rare chance to acquire a prime piece of commercial real estate in a thriving Idaho community. The property is priced at $1,200,000. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Emmett
- County
- Gem
- State
- Idaho
- Longitude
- -116.4989
- Latitude
- 43.87288
