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    FOR SALE
    Warehouses

    302 3Rd Ave South, Twin Falls, ID 83301

    24,960 SF 0.72 ac lot Built 1961
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US27-0433170
    Property summary
    AI-generated overview

    This exceptional Twin Falls, Idaho industrial property offers 43,488 square feet of versatile warehouse space, ideal for distribution, manufacturing, or warehousing. Situated on a 1.15-acre lot at 302 3rd Ave. S., this single-story, 1965-built building benefits from a prime location, offering easy access to I-84 and the Oregon Short Line Railroad. The property features a clear ceiling height ranging from 17 to 22 feet, enhancing operational efficiency. Loading capabilities include one dock door and six roll-up doors, providing ample access for goods movement. Currently operating under a sale-leaseback agreement, this property presents a unique opportunity to acquire a stable, income-generating asset with significant potential for future growth. The OT- Old Town zoning allows for a variety of uses. The spacious layout offers flexibility for various industrial operations, catering to diverse operational needs. This property is well-suited for owner-users seeking immediate revenue while customizing the space to their specific requirements. The building's location in a high-traffic area ensures excellent visibility and accessibility. The substantial lot size provides room for potential expansion or redevelopment. This investment opportunity combines immediate income with long-term growth potential in a thriving market.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1961
    Total area 24,960 SF
    Lot 0.72 ac (31,233 SF)
    APN RPT0001134001A
    UPID US27-0433170
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • VR1 Arcade at Jumptime Arcade & Gaming Center Family Recreation Center
    • Magic Valley Elite All-Star Cheer Gym & Fitness Center
    • Riot Xtreme Cheer Gym & Fitness Center
    • JumpTime Idaho Arcade & Gaming Center Family Recreation Center
    • Magic Valley Worship Center Church
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $545k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $637k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Babcock LLC · 4 yrs held
    Babcock LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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