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Downtown Sandpoint Office 316 N 2nd Ave 8,187 SF Office Building Sandpoint, ID 83864 $1,200,000 ($146.57/SF)
Investment Highlights
- Excellent downtown location
- Two floors of office well suited for single or multi-tenant
Executive Summary
Downtown Sandpoint Office/Retail Opportunity
High quality single or multi-tenant office/retail building in the heart of Downtown Sandpoint, ideally positioned near public parking, City Beach, and the vibrant shops, restaurants, and amenities that make Sandpoint a year round destination for businesses, retailers, and visitors alike.
With a portion of the building already leased and producing income, this property offers immediate cash flow while presenting an excellent opportunity for an owner-user to occupy the main floor office/retail space or for an investor to lease the remaining vacancy. Offered at well below replacement cost, this is a compelling long-term investment in one of North Idaho's most sought-after markets.
High quality single or multi-tenant office/retail building in the heart of Downtown Sandpoint, ideally positioned near public parking, City Beach, and the vibrant shops, restaurants, and amenities that make Sandpoint a year round destination for businesses, retailers, and visitors alike.
With a portion of the building already leased and producing income, this property offers immediate cash flow while presenting an excellent opportunity for an owner-user to occupy the main floor office/retail space or for an investor to lease the remaining vacancy. Offered at well below replacement cost, this is a compelling long-term investment in one of North Idaho's most sought-after markets.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
8,187 SF
Building Class
B
Year Built/Renovated
1936/1995
Price
$1,200,000
Price Per SF
$146.57
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,094 SF
Building FAR
1.71
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial A (CA), allows for wide variety of retail, food, office and some mixed commercial/residential uses.
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
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Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | RPS01-310-2506A0A | Improvements Assessment | $744,159 |
| Land Assessment | $208,680 | Total Assessment | $952,839 |
Property Taxes
Parcel Number
RPS01-310-2506A0A
Land Assessment
$208,680
Improvements Assessment
$744,159
Total Assessment
$952,839
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Downtown Sandpoint Office | 316 N 2nd Ave
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