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308-326 N 1st Ave 13,871 SF 100% Leased Retail Building Sandpoint, ID 83864 $3,200,000 ($230.70/SF)
INVESTMENT HIGHLIGHTS
- Waterfront with boatable access to Lake Pend Oreille
- 24 Parking Spaces
- 3 Parcels
- First Avenue Retail Sidewalk Frontage
- Development Potential
- Opportunity Zone
EXECUTIVE SUMMARY
Evergreen Realty is proud to presetn this exceptional waterfront development opportunity in Downtown Sandpoint. Explore a unique chance to acquire three adjoining parcels on N. 1st Avenue, right in the vibrant center of downtown Sandpoint, featuring beautiful views of Sand Creek. Conveniently located between Main St. and Cedar St., this prime site is part of the area's highest-grossing commercial block, ensuring outstanding visibility and steady foot traffic. Located within a Qualified Opportunity Zone.
Currently leased to dependable long-term tenants, these properties generate immediate income while you plan for future development. Zoned Commercial A, this site offers the potential to build up to 65 feet tall for a mixed-use project.
Don’t miss this opportunity to transform and elevate the heart of Sandpoint. Bring your vision to life in this extraordinary location!
Currently leased to dependable long-term tenants, these properties generate immediate income while you plan for future development. Zoned Commercial A, this site offers the potential to build up to 65 feet tall for a mixed-use project.
Don’t miss this opportunity to transform and elevate the heart of Sandpoint. Bring your vision to life in this extraordinary location!
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
13,871 SF
Building Class
C
Year Built/Renovated
1910/2000
Price
$3,200,000
Price Per SF
$230.70
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.60
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
Commercial A - Commercial A
Frontage
198’ on North 1st Avenue
AMENITIES
- Waterfront
- Air Conditioning
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | RPS01-310-24006AA | Improvements Assessment | $634,674 |
| Land Assessment | $919,987 | Total Assessment | $1,554,661 |
PROPERTY TAXES
Parcel Number
RPS01-310-24006AA
Land Assessment
$919,987
Improvements Assessment
$634,674
Total Assessment
$1,554,661
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308-326 N 1st Ave
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