204 Main N Ave Twin Falls, ID 83301-6102
- Retail space
- 27,750 SF
- 0.36 lot acres
Current Use by Public Records
- CBT Dungeon Express / Restaurant
- Magic Valley Bible Church / Church / Book Store
Property Details for 204 Main N Ave
- Year built
- 1921
- Lot size
- 0.36 lot acres
- Property size
- 27,750 SF
- Property type
- Retail space
- APN
- RPT0001085015C
- APU
- RPT0001085015C
Description
This exceptional investment opportunity presents a fully occupied, mixed-use property located at 204 Main Ave N, Twin Falls, ID 83301. The property, built in 1921 and extensively renovated in 2023, boasts a total of 34,431 net rentable square feet across three stories, spread across two buildings on a 0.43-acre lot. The ground floor offers 12,207 square feet, while the second floor provides 12,500 square feet of space. A large, 9,724-square-foot basement features 9+ foot ceilings. The property includes a commercial kitchen, ample space suitable for events or assembly, and multiple restrooms on both the first and second floors. An adjacent lot provides 20 parking spaces. The property is zoned for commercial use and benefits from a prime downtown location, surrounded by shops and restaurants, ensuring high visibility and accessibility. Currently operating at 100% occupancy since June 1, 2011, this Net Lease investment offers a compelling 8.50% cap rate and a Pro-Forma NOI of $301,329, with an asking price of $3,295,000 ($88.75/sq ft). The updated plumbing, HVAC, and electrical systems contribute to the property's strong operational efficiency. This presents a rare opportunity to acquire a well-established, high-performing asset in a thriving downtown area with potential for future development.
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
- Twin Falls
- County
- Twin Falls
- State
- Idaho
- Longitude
- -114.471
- Latitude
- 42.5572
- CBSA code
- 46300
- CBSA name
- TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA
