521 Cedar St Wallace, ID 83873

Property Details for 521 Cedar St

Lot size

0.11 lot acres

Property type

Commercial real estate

APN

RPB0050018017BA

APU

RPB0050018017BA

Description

This exceptional commercial property, located at 521 Cedar Street in the heart of historic downtown Wallace, Idaho, presents a unique investment opportunity. The single-story brick building boasts a total of 5,382 square feet and sits on a 0.12-acre lot. The property's prime location ensures high visibility and foot traffic, maximizing its potential for revenue generation. One of the three storefronts is currently operating as a highly successful laundromat, equipped with well-maintained, top-of-the-line machines that are serviced daily. This established business provides a consistent and substantial income stream. The remaining two storefronts are leased to a local restaurant owner, further diversifying the property's income potential. The building offers convenient private parking located at the rear of the property, a significant advantage in a bustling downtown area. This turnkey investment is ideal for an astute buyer seeking a blend of established income and future growth potential in a thriving historic district. The property's strong tenant occupancy and prime location make it a compelling opportunity for investors seeking a stable and profitable commercial venture. The building's solid brick construction ensures durability and longevity, promising a sound return on investment for years to come. This is a rare chance to acquire a well-established, income-producing property in a desirable location.

Location Insight

City

Wallace

County

Shoshone

State

Idaho

Longitude

-115.924

Latitude

47.4727

Property Tax & Assessments