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102 S 1st Ave 3,370 SF Retail Condo Unit Offered at $1,200,000 in Sandpoint, ID 83864
Investment Highlights
- Heavy Traffic
- Great Exposure
- Lots of Natural Light
Executive Summary
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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | RPS3070001010A |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| APN/Parcel ID | RPS3070001010A |
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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 3,370 SF | Retail | $1,200,000 ($356.08/SF) | $66,000 |
Unit 101
| Unit Size |
| 3,370 SF |
| Condo Use |
| Retail |
| Price |
| $1,200,000 ($356.08/SF) |
| NOI |
| $66,000 |
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Unit 101
| Unit Size | 3,370 SF |
| Condo Use | Retail |
| Price | $1,200,000 ($356.08/SF) |
| NOI | $66,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| APN/Parcel ID | RPS3070001010A |
| 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.</li></ul> | |
| Sale Notes | |
| 9 years remaining on 10-year Modified Lease</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 22,149 SF | Typical Floor Size | 4,400 SF |
| Property Type | Retail (Condo) | Year Built | 2001 |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.39 AC |
| Building Class | B | Parking Ratio | 1.78/1,000 SF |
| Floors | 3 | Opportunity Zone |
Yes
|
| Zoning | Commercial - 22-57N-2W WEILS ADDN BLK 2 LOTS 1,2 & 3 VINTAGE COURT CONDO UNIT 101 | ||
| Total Building Size | 22,149 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 4,400 SF |
| Year Built | 2001 |
| Lot Size | 0.39 AC |
| Parking Ratio | 1.78/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial - 22-57N-2W WEILS ADDN BLK 2 LOTS 1,2 & 3 VINTAGE COURT CONDO UNIT 101 |
Amenities
- Corner Lot
- Restaurant
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Mango Tree |
3,370 SF
|
December 2033
|
Nearby Major Retailers
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102 S 1st Ave
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