723 Pne St Sandpoint, ID 83864-1486

Property Details for 723 Pne St

Year built

1910

Lot size

0.16 lot acres

Property size

1,350 SF

Property type

Commercial real estate

APN

RPS024500C0070A

APU

RPS024500C0070A

Description

This exceptional Sandpoint, Idaho, mixed-use property offers a compelling investment opportunity. Located at 723 Pine Street, this fee-simple offering encompasses two buildings totaling 2,370 square feet on a 0.163-acre lot. The property features two units currently leased to two tenants under a modified lease with a remaining term of approximately 0.7 years. Unit A, a meticulously renovated 1,350 square-foot building, boasts a Victorian-inspired exterior, two bedrooms, two bathrooms, a spacious office, laundry room, living room, foyer, and two solariums. Recent upgrades include a new HVAC system, LVP flooring, a pendent fire sprinkler system, and a recently replaced roof. Unit B, a 1,020 square-foot commercial space, is fully finished and currently operates as a commercial kitchen. It includes split unit heating and air conditioning, a full bathroom, and two garage doors. Both units benefit from a large parking lot and a shared courtyard. Built in 1910, with renovations in 1999 and 2012, the property is zoned commercial and enjoys a prime location near State Farm and D.A. Davidson, at the intersection of Pine Street, Boyer Avenue, and Highway 2. The asking price is $784,000, translating to $345.99 per square foot. Annual rent bumps are in place. This property presents a rare chance to acquire a well-maintained, income-producing asset in a thriving Idaho community.