2 State St N Preston, ID 83263
For Sale
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This iconic Preston, ID building, situated on a 0.14-acre lot at the corner of Main and Oneida, presents a unique investment opportunity. Constructed in 1910, the property has undergone a complete and extensive restoration, boasting modern amenities while retaining its historic charm. The building offers a blend of Class A office space ideal for professional services, and prime retail space directly on Main Street, providing exceptional visibility and accessibility. The versatile layout caters to a wide range of businesses. Recent upgrades include a new electrical system, updated plumbing, and the installation of a modern elevator, enhancing functionality and accessibility for all tenants. A fully installed hood system is already in place, making it perfectly suited for a restaurant or food-related business. This property represents a rare chance to own a piece of Preston's history and a thriving commercial center. The building's central location ensures high foot traffic and excellent exposure. Potential buyers are responsible for independently verifying all information provided. This is a remarkable opportunity to acquire a well-maintained, historically significant commercial property with significant upside potential in a vibrant community. The combination of office and retail space makes this a truly diverse and attractive investment.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.