Sandpoint Investment Property

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30294559
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 6,644 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $960,000
Unit Price: $144.49 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 4/4/2019

Overview / Comments

HIGHLY VISIBLE OFFICE/RETAIL building in Sandpoint, Idaho just north east of the Mountain West Bank Financial Center on Highway 2. The property is in the most desirable area of Sandpoint near several developments, including Dover Bay. This is a 6,644 sf retail/office investment property recently remodeled with high end finish work.  The project is 100% occupied with 5 tenants. The NOI is approximately $58,000 per year, factoring in vacancy, management and reserves.  Excellent traffic counts and visibility with good parking. Easy access to Spokane or Coeur d'Alene.

Additional Details

Nearest MSA: Sandpoint
County: Bonner
Tax ID/APN: RPS38390000020A
Property Visibility: Excellent
Highway Access: Highway 2
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1996
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 21
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,239 9,796 15,694
Median Age: 36.42 39.88 40.6
Households: 2,292 4,240 6,537
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