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Clearwater Saloon 152 Johnson Ave 4,985 SF 50% Leased Retail Building Orofino, ID 83544 $675,000 ($135.41/SF) 8.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Extensively Remodeled
- Open Space with Endless Possibilities
- Furnishings and Kitchen Equipment Included
EXECUTIVE SUMMARY
Cap Rate is only taking into account the apartment rental income that is located above the retail space and limited bar income. Short term leases are in place for both upstairs units. The retail space is currently set up as Clearwater Saloon and everything you see is included in the sale minus a few personal decor items. The whole building has been completely remodeled between 2022-2024. New electrical, lighting, water lines and updated bathrooms and flooring. The upstairs apartments were taken clear down to the studs and remodeled and are now fully leased. New electrical, waterlines, insulation, sheetrock, flooring, doors, trim, rear windows, and wall heaters. The building also features a new roof in 2022 and a facelift to the front exterior.
This is your opportunity to take over a turnkey saloon that's still gaining in popularity (currently beer & wine only) or turn it into whatever your heart desired. The "Clearwater Saloon" name and LLC are also available to be transferred with the sale depending on what your buyer wants to do.
This is your opportunity to take over a turnkey saloon that's still gaining in popularity (currently beer & wine only) or turn it into whatever your heart desired. The "Clearwater Saloon" name and LLC are also available to be transferred with the sale depending on what your buyer wants to do.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$31,200
|
$6.26
|
| Other Income |
$52,428
|
$10.52
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,628
|
$16.78
|
| Taxes |
$2,836
|
$0.57
|
| Operating Expenses |
$21,159
|
$4.24
|
| Total Expenses |
$23,995
|
$4.81
|
| Net Operating Income |
$59,633
|
$11.96
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $6.26 |
| Other Income | |
|---|---|
| Annual | $52,428 |
| Annual Per SF | $10.52 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,628 |
| Annual Per SF | $16.78 |
| Taxes | |
|---|---|
| Annual | $2,836 |
| Annual Per SF | $0.57 |
| Operating Expenses | |
|---|---|
| Annual | $21,159 |
| Annual Per SF | $4.24 |
| Total Expenses | |
|---|---|
| Annual | $23,995 |
| Annual Per SF | $4.81 |
| Net Operating Income | |
|---|---|
| Annual | $59,633 |
| Annual Per SF | $11.96 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,985 SF
Year Built/Renovated
1946/2024
Price
$675,000
Price Per SF
$135.41
Cap Rate
8.83%
NOI
$59,633
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
Commericial/Retail - Located in DT Orofino with rentable apartments upstairs and retail/restaurant space on the main level.
Frontage
25’ on Johnson Ave
AMENITIES
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
PROPERTY TAXES
| Parcel Number | RPA0375002004A | Total Assessment | $157,219 (2025) |
| Land Assessment | $41,473 (2025) | Annual Taxes | $2,836 ($0.57/SF) |
| Improvements Assessment | $115,746 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
RPA0375002004A
Land Assessment
$41,473 (2025)
Improvements Assessment
$115,746 (2025)
Total Assessment
$157,219 (2025)
Annual Taxes
$2,836 ($0.57/SF)
Tax Year
2024
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Clearwater Saloon | 152 Johnson Ave
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