121 Honeysuckle St, Bellevue, ID 83313
- Commercial real estate
- 5,596 SF
- 0.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 121 Honeysuckle St
- Lot size
- 0.29 lot acres
- Property type
- Commercial real estate
- APN
- RPB04090030100
- APU
- RPB04090030100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 3, 2023 | — | Susan J Passovoy | — | Deed · related | $800k · Idaho First Bank |
| Jan 20, 2023 | — | Susan J Passovoy | Honeysuckle Building LLC | Warranty Deed | — |
| Jan 6, 2021 | — | Honeysuckle Building LLC | Blame County Hunger Coalition INC | Warranty Deed | $600k · Idaho First Bank |
| Nov 15, 2019 | — | Blaine County Hunger Coalition INC | Blaine County Hunger Coalition INC | Warranty Deed · related | — |
| Oct 27, 2009 | — | Blaine County Hunger Coalition INC | Wells Fargo Bank | Corporation Deed | $100k · D L Evans Bank |
| May 22, 2008 | $352,214 | Wells Fargo Bank N A | Jytte Mau Properties LLC | Trustees Deed · related | — |
Description
This exceptional mixed-use property at 121 Honeysuckle Street, Bellevue, ID 83313, presents a compelling investment opportunity. The 5,596 square foot building, situated on a 0.29-acre lot within the Honeysuckle Business Park, boasts a desirable blend of industrial, office, and residential space. Constructed in 1998 and extensively renovated in 2022, the property includes a first-floor owner's shop/warehouse, a net-leased first-floor office space, and two newly constructed, three-bedroom, two-bathroom apartments on the second floor. The building currently enjoys 100% occupancy with four tenants, generating a substantial net operating income (NOI) of $112,200, resulting in a 6.00% capitalization rate. The asking price is $1,870,000, translating to $334.17 per square foot. The property features 15 parking spaces and is zoned for light industrial use. Leases are NNN, commencing January 1, 2023, with lease options available. The current owner is willing to vacate the shop space or consider a lease-back arrangement. Conceptual plans exist for a potential 1,161 square foot light industrial addition. This fee-simple ownership offers significant upside potential for both investors and owner-users seeking rental income. The property's recent renovations include a new sprinkler system. This is a stabilized investment with a strong tenant base and significant potential for future growth.
Value Estimations
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $675,000 Current use
- AUTO REPAIR, GARAGE
- $600,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Blaine
- State
- Idaho
- Longitude
- -114.254
- Latitude
- 43.4521
- CBSA code
- 25200
- CBSA name
- HAILEY, ID MICROPOLITAN STATISTICAL AREA
