334 N First Ave, Sandpoint, ID 83864 (MLS# 23-5939)

334 N First Ave, Sandpoint, ID 83864

$3,800,000

Property Type: Commercial Square Footage: 25,222 Lot Size (sq. ft.): 29,621 Status: Closed

Current Price: $3,800,000 List Date: 6/29/2023 Last Modified: 10/05/2024

Overview

Description

Exceptional Investment Opportunity in Sandpoint, Idaho—the Renowned Cedar Street Bridge Commercial Building in Downtown. This iconic landmark, revered throughout the Pacific Northwest, presents an enticing prospect for real estate investors. Its strategic location attracts a significant volume of foot and vehicular traffic, offering lucrative potential. With its adaptable layout, this property opens doors to a myriad of business ventures, notably as a thriving retail haven for local artisans. The captivating ambiance, coupled with the high footfall and excellent visibility, positions it as an irresistible magnet for customers. Situated at the core of Sandpoint, surrounded by flourishing businesses, galleries, and dining establishments, this building guarantees maximum exposure in a year-round destination market. Seize the opportunity to embrace the untapped potential of this highly sought-after property within a rapidly expanding city.

Listing Details MLS# 23-5939

Contract Information

Listing Type: Comm'l Bldg w/Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2023-06-21
Sold Date: 2024-02-15
Under Contract Date: 2023-12-23
Financing: Conventional Loan
Short Sale: No
REO: No

General Property Description

Building Style: Multi Level
Basement: No
Year Built: 1927
Remodeled: Yes
Year of Remodel: 2008
New Construction: No
Total #/Bldgs: Yes
Total SqFt.: 25222
ESTIMATED SqFt Source: Assessor
Lot Acres: 0.68
Lot Type 1: Commercial
Business Type: Retail
Realtor.COM Type: Commercial

Legal and Taxes

Legal: 22/23-57N-2W TAX 155 CEDAR STREET BRIDGE
AIN/Tax Bill: 23886
Parcel Number: RPS00000221800A
Zoning: Commercial A
Directions: US 95 N to First Avenue, located on corner of first avenue & Cedar Street
Taxes: 16220
Tax Year: 2022
Taxes Reflect 1: No Exemptions

Remarks

Public Remarks: Exceptional Investment Opportunity in Sandpoint, Idaho—the Renowned Cedar Street Bridge Commercial Building in Downtown. This iconic landmark, revered throughout the Pacific Northwest, presents an enticing prospect for real estate investors. Its strategic location attracts a significant volume of foot and vehicular traffic, offering lucrative potential. With its adaptable layout, this property opens doors to a myriad of business ventures, notably as a thriving retail haven for local artisans. The captivating ambiance, coupled with the high footfall and excellent visibility, positions it as an irresistible magnet for customers. Situated at the core of Sandpoint, surrounded by flourishing businesses, galleries, and dining establishments, this building guarantees maximum exposure in a year-round destination market. Seize the opportunity to embrace the untapped potential of this highly sought-after property within a rapidly expanding city.

Address

Street Number: 334
Street Direction Pfx: N
Street Name: First
Street Suffix: Ave
State/Province: ID
Postal Code: 83864
County: Bonner

Property Subject To

CC&Rs: No
BID: No
Non-Mtg Lien: No
LID: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes

More Information

Business Info

Inventory List Available?: Yes
Inventory Included in Sale Price?: Yes
Equipment Included in Sale Price?: All
Confidential from Employees?: Yes
Approx SqFt of Leased Space: 21932

View

City: Yes
Lake: Yes
Mountain(s): Yes
River: Yes

Lot Features

Corner Lot: Yes
Landscaped: Yes
Level: Yes
Open Lot: Yes
Southern Exposure: Yes

Interior Features

Elevator: Yes
High Speed Internet: Yes
Security System: Yes

Exterior Features

Lighting: Yes
Sidewalks: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Road

Paved: Yes
Public Maintained Road: Yes

Water

City: Yes

Common Walls

No Common Walls: Yes

Sewer

Public Sewer: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Basement

None-Slab on Grade: Yes

Foundation

Concrete: Yes

Construction

Concrete: Yes
Post & Beam: Yes

Exterior

Concrete: Yes
Steel Siding: Yes
Wood Siding: Yes

Roof

Metal: Yes

Property Features

View: Lake; Mountain(s); River Lot Features: Landscaped; Corner Lot; Level; Open Lot; Southern Exposure Interior Features: Elevator; High Speed Internet; Security System Exterior Features: Lighting; Sidewalks Common Walls: No Common Walls Fuel: Electric Heating: Forced Air Basement: None-Slab on Grade Construction: Concrete; Post & Beam Foundation: Concrete Exterior: Concrete; Steel Siding; Wood Siding Roof: Metal Road: Paved; Public Maintained Road Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional

Listing Office: Back Forty Real Estate

Last Updated: October - 05 - 2024

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