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Potlatch Mercantile 535 Pine St 2,917 SF 100% Leased Retail Building Potlatch, ID 83855 For Sale 8% Cap Rate
Executive Summary
Well-maintained two-story commercial strip center offering 19,660 SF on a 36,692 SF corner lot with excellent visibility along Highway 6 in Potlatch, Idaho. Built between 1964-1966, the durable cinder block building features nine commercial suites and is currently 100% occupied. Recent capital improvements include a new flat roof (2022), new HVAC systems (2022), new asphalt parking lot with striping (2025), and new exterior paint (2026), minimizing near-term capital expenses. Approximately 30 on-site parking spaces plus a fenced outdoor play area for the daycare. Lease structure includes a mix of NNN, gross, and month-to-month agreements, providing stable income with future upside. Located just minutes from Highway 95 and surrounded by neighborhood services including a grocery store, pharmacy, coffee shop, veterinary clinic, and schools. Diverse tenant mix includes retail, professional offices, daycare, dining, and the U.S. Post Office. Excellent long-term investment opportunity with upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,917 SF
Building Class
C
Year Built
1966
Cap Rate
8%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Zoning
commercial - please verify with City of Potlatch
Parking
31 Spaces (10.63 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | RPP1520030011BA | Improvements Assessment | $495,250 |
| Land Assessment | $73,500 | Total Assessment | $568,750 |
Property Taxes
Parcel Number
RPP1520030011BA
Land Assessment
$73,500
Improvements Assessment
$495,250
Total Assessment
$568,750
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Potlatch Mercantile | 535 Pine St
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