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100 & 105 1st Ave 3 Properties Offered at $3,995,000 in Sandpoint, ID
Investment Highlights
- Features restaurant-dedicated spaces with marina-view patios and terraced seating.
- Vacant commercial lot may be buildable for a third commercial building, or to expand one of the existing buildings.
- Prime location on Sandpoint’s First Avenue within the downtown shopping district and along the scenic waterfront.
- Property has a parking agreement in place for 41 parking stalls.
Executive Summary
A rare waterfront investment opportunity in the heart of downtown Sandpoint.
This one-of-a-kind commercial offering features two separate buildings totaling over 10,000 SF, each with active restaurant tenants and expansive patios overlooking the marina. Cap Rate is based off of Owner's Reported Net Income (which does not include a vacancy rate, property management fee, and includes low maintenance costs).
Property also offers a luxury penthouse residence operates as a successful 3 bed / 3 bath vacation rental, providing additional income-earning potential. The vacant commercial lot between the two buildings is included and filled with beautiful gardens, picturesque patio space, and direct access to the Sand Creek marina and boardwalk. Sale also includes two liquor licenses associated with the two restaurants. Historic downtown Sandpoint includes a unique collection of restaurants, retail businesses, art galleries, entertainment, and is a mere 20 minutes from Schweitzer Mountain Resort. Located within Sandpoint's Federal Opportunity Zone, this legacy-quality asset offers compelling tax incentive potential in one of the most sought-after resort towns in the Northwest.
This one-of-a-kind commercial offering features two separate buildings totaling over 10,000 SF, each with active restaurant tenants and expansive patios overlooking the marina. Cap Rate is based off of Owner's Reported Net Income (which does not include a vacancy rate, property management fee, and includes low maintenance costs).
Property also offers a luxury penthouse residence operates as a successful 3 bed / 3 bath vacation rental, providing additional income-earning potential. The vacant commercial lot between the two buildings is included and filled with beautiful gardens, picturesque patio space, and direct access to the Sand Creek marina and boardwalk. Sale also includes two liquor licenses associated with the two restaurants. Historic downtown Sandpoint includes a unique collection of restaurants, retail businesses, art galleries, entertainment, and is a mere 20 minutes from Schweitzer Mountain Resort. Located within Sandpoint's Federal Opportunity Zone, this legacy-quality asset offers compelling tax incentive potential in one of the most sought-after resort towns in the Northwest.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,995,000 | Status | Active |
| Price / SF | $377.10 / SF | Number of Properties | 3 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 4.12% | Total Building Size | 10,594 SF |
| Sale Type | Investment | Total Land Area | 0.46 AC |
| Price | $3,995,000 |
| Price / SF | $377.10 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 4.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,594 SF |
| Total Land Area | 0.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 105 S 1st Ave, Sandpoint, ID 83864 | Land | 0.09 AC | - | - |
| 100 N 1st Ave, Sandpoint, ID 83864 | Office | 3,844 SF | 1947 | - |
| 105 S 1st Ave, Sandpoint, ID 83864 | Retail | 6,750 SF | 1909 | - |
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100 & 105 1st Ave