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15 N 3rd East
Lava Hot Springs, ID 83246
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,018 SF
Building Class
C
Year Built/Renovated
1960/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
0.12 AC
Parking
20 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
61’ on 3rd Avenue East

ABOUT 15 N 3RD EAST , LAVA HOT SPRINGS, ID 83246

Incredible business and/or investment opportunity in beautiful downtown Lava Hot Springs! Bring your finishing touches to this centrally located riverfront property. Situated on the banks of the popular tubing section of the Portneuf River. Right on Main Street and steps away from the world famous hot pools, restaurants, hotels, bars and shops. There are multiple opportunities for income with this property. 3000 sf restaurant almost completely remodeled. All electric and plumbing that’s been done has passed inspections. Two brand new top to bottom unisex bathrooms, new heating and air system, new doors, new sheetrock and paint, new LED lighting, new pex water lines, cement floors refinished and epoxied, new hood vent system in the kitchen and tons of potential equipment that can be added on as well. Still a blank enough to tailor to your concept. Would be a great cafe & coffee shop, breakfast place, full service restaurant, brew pub or bar. There’s also a beautiful, completely remodeled, one bedroom, 600 sf suite, with a full kitchen and full bath, above the restaurant that could be employee or owner housing. This building also has the largest private parking lot in the city with a whopping 14 (could be 18 if you re­striped) parking spots. Attached to the restaurant, but with a separate entrance and compete privacy, is a gorgeous, completely remodeled, 1400 sf, 3 bed 1 bath house right on the river! This is also in the vacation rental zone. You could do vacation rentals, long term rentals, or live in it yourself. As a separate sale, for $15,000, you can also have the newly remodeled shave ice stand that’s set up in the parking lot. It already has power hooked up to it and was operational and profitable last summer. This is a turnkey business just waiting for you with amazing income potential in an ideal location!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RLHL1000100
Land Assessment
$40,820
Improvements Assessment
$777,095
Total Assessment
$817,915
  • Listing ID: 12293191

  • Date on Market: 4/17/2018

  • Last Updated:

  • Address: 15 N 3rd East, Lava Hot Springs, ID 83246

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