Property profile

201 1st St Idaho Falls, ID 83401

OFF-MARKET
Turn key restaurants
Property ID
US27-0309346
10,221 SF 0.93 ac lot Built 1978
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 10,221-square-foot restaurant in Idaho Falls, Idaho, presents a rare investment opportunity. Located at 201 1st St, 83401, this property boasts a rich history, having housed several successful restaurants since its construction in 1978. The nearly one-acre lot (0.93 acres) offers ample parking and potential for expansion, with the adjacent lot included in the sale. The building features a main level with a large kitchen (including four hoods) and dining area, perfectly suited for a variety of culinary concepts. A full basement provides additional space, divided between a residential area and a second commercial kitchen with its own hood. All kitchen appliances and equipment are included in the sale. The property is zoned Central Commercial, allowing for diverse commercial uses, including multi-unit apartments. This turnkey operation, priced at $750,000 ($73.38/sq ft), is a remarkable chance to acquire a well-established, versatile commercial space in a thriving Idaho Falls location. The mini drive-thru adds further convenience and revenue potential. Don't miss this chance to own a piece of Idaho Falls history.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Construction WOOD
Total area 10,221 SF
Lot 0.93 ac (40,302 SF)
APN RPA0620016017B
UPID US27-0309346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Parking Lot & Garage

Location

201 1st St Idaho Falls, ID 83401-3926
Idaho Falls metro Census 970700 IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$350k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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