236 Railroad Ave Twin Falls, ID 83301
- Warehouses
- 4,550 SF
- 0.11 lot acres
Current Use by Public Records
- Warehouses
Property Details for 236 Railroad Ave
- Year built
- 1920
- Lot size
- 0.11 lot acres
- Property size
- 4,550 SF
- Property type
- Warehouses
- APN
- RPT44010010160
- APU
- RPT44010010160
Description
This exceptional redevelopment opportunity encompasses a 12,098 square foot mixed-use property situated on a 43,996 square foot lot in the heart of downtown Twin Falls, Idaho. Currently operating at 80% occupancy with three units, the property features retail, office, and industrial space, offering significant versatility. The asking price is $575,900, translating to $47.60 per square foot. The land value alone is $13.99 per square foot. The property boasts a strong 11.40% cap rate and a pro-forma cap rate of 11.39%, with a pro-forma NOI of $65,584. The property is zoned for commercial and industrial use and underwent renovations in 2022. The current lease type is NNN with a multi-tenancy structure and one year remaining on the lease. This investment presents a unique chance to participate in the revitalization of downtown Twin Falls, aligning perfectly with the city's downtown master plan. The property's central location and strong financial metrics make it an attractive proposition for investors seeking high returns and significant upside potential in a rapidly developing area. This is a rare opportunity to acquire a strategically positioned property within the planned urban renewal area.
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
- -114.473
- Latitude
- 42.5508
- CBSA code
- 46300
- CBSA name
- TWIN FALLS, ID MICROPOLITAN STATISTICAL AREA
