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    505 2nd E Rexburg, ID 83440-1680
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    Property profile & analytics

    505 2nd E, Rexburg, ID 83440-1680

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    • Turn key restaurants
    • 23,440 SF
    • 2.49 lot acres
    Off-Market
    Last Sale Jan 24, 2020
    Property ID
    US27-0515583
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lux Nail spa / Nail Salon
    • Jensen Jewelers / (Bike/Boat/Book/etc) Store
    • Curry Pizza / Restaurant
    • All-Star Wireless / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 505 2nd E

    Lot size
    2.49 lot acres
    Property type
    Turn key restaurants
    APN
    RPRRVRV0010010
    APU
    RPRRVRV0010010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 24, 2020 — Teton River LLC Jmp Leasing LLC Warranty Deed $2.9M · Public Employee Retirement System O
    Sep 8, 2017 — Jmp Leasing LLC Curt K Mckean LLC Warranty Deed —
    Aug 22, 2008 — Doug Ricks Gene W Victory Warranty Deed $90k · Russell Daniel

    Description

    This exceptional 982-square-foot retail space, located at 505 N 2nd E #203 in Rexburg, Idaho, presents a fantastic opportunity for a restaurant or similar business. Situated within a larger 4,900-square-foot building on a 2.49-acre lot (APN: RPRRVRV0010010, Madison County), this single-tenancy unit boasts newly finished interiors, ready for immediate occupancy. The property enjoys a high-traffic location with shared parking alongside established businesses such as Curry Pizza, Jensen Jewellers, and Lux Nail Spa. Its proximity to other popular retailers including Costa Vida, Cricket Wireless, The Hickory Restaurant, Cold Stone Creamery, Super Cuts, and Jack in the Box ensures significant foot traffic and visibility. The lease is a NNN lease with an asking rate of $28 per square foot. This property offers a turnkey solution for businesses seeking a vibrant and convenient location in the heart of Rexburg. The building consists of one structure. The property is not currently vacant


    Value Estimations

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    • CAP approach

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    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.779
    Latitude
    43.8364
    CBSA code
    39940
    CBSA name
    REXBURG, ID MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,411
    $0.00
    $0.00
    $2,848,960
    -
    $0.00
    $0.00
    $2,848,960
    More about this property
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