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102 S 1st Ave
Sandpoint, ID 83864 Bonner

$1,200,000 USD

Storefront Retail Office Condo For Sale • 3,370 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 22,149 SF
Lot Size 0.39 AC
Building Class B
Year Built 2001
Cap Rate 5.50 %
Tenancy Multiple
Zoning Commercial

0 Transit Score

76 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 101

Retail

3,370 SF

$1,200,000 USD

Unit Size: 3,370 SF
Condo Use: Retail
Price: $1,200,000 USD
Sale Type: Investment
Price/SF: $356.08 USD

Description

Here is your chance to purchase a fully leased retail unit on one of the busiest corners in Sandpoint, ID. Sandpoint, ID, is a high-potential investment destination driven by strong tourism, a growing tech/manufacturing base, and high demand for residential/vacation properties near Lake Pend Oreille and Schweitzer Mountain. With 9-years remaining on the the current lease, and a cap rate of 5.5%, this property ideal for a longterm hold that will benefit from market appreciation as the Sandpoint area continues to grow.

Sale Notes

9 years remaining on 10-year Modified Lease

Description

Here is your chance to purchase a fully leased retail unit on one of the busiest corners in Sandpoint, ID. Sandpoint, ID, is a high-potential investment destination driven by strong tourism, a growing tech/manufacturing base, and high demand for residential/vacation properties near Lake Pend Oreille and Schweitzer Mountain. With 9-years remaining on the the current lease, and a cap rate of 5.5%, this property ideal for a longterm hold that will benefit from market appreciation as the Sandpoint area continues to grow.

                
                    Highlights
                
                                Heavy Traffic
                            
                                Lots of Natural Light
                            
                                Great Exposure

Cap Rate:

5.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Mango Tree	3,370 SF	12/31/2033
Mountain Lake Counseling And Support Ser
Signature Aesthetics

Amenities

Corner Lot
Restaurant
Signage
Wheelchair Accessible
Storage Space
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	6 min	0.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Haley Busby 509-340-8000 Windermere Real Estate Valley/Liberty Lake

102 S 1st Ave Sandpoint, ID 83864 Bonner

$1,200,000 USD

Property Details

1 Unit Available

Description

Sale Notes

Description

Highlights

Major Tenants

Amenities

Public Transportation

Parking Details

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102 S 1st Ave
Sandpoint, ID 83864 Bonner