3566 Highway 2, Priest River, ID 83856 (MLS# 23-4101)

3566 Highway 2, Priest River, ID 83856

$1,100,000

Property Type: Commercial Square Footage: 672 Lot Size (sq. ft.): 161,608 Status: Closed

Current Price: $1,100,000 List Date: 11/01/2023 Last Modified: 10/05/2024

Overview

Description

Successful INVESTMENT PROPERTY with multiple streams of income and ONSITE property managers. This property runs with nearly 100% occupancy and is located just above the beautiful Pend Orville River! There are 14 RV hookups that rent at $500 each. The motel building includes 7 rooms total, including a manager's apartment with office. Each motel room is rented on a monthly basis. There is also a detached, single-family cottage that has 2 bedrooms and 1 bathroom. Both of the detached cottages and the manager's apartment have been updated recently. Multiple outbuildings and storage sheds. New well pump approximately 3 years ago. See documents tab for more information on rent rates and utilities. SELLER FINANCING is a possibility.

Listing Details MLS# 23-4101

Contract Information

Listing Type: Business, Bld & Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 430
Begin Date: 2023-05-17
Sold Date: 2023-11-30
Under Contract Date: 2023-11-03
Financing: Seller Financing

General Property Description

Building Style: Single Level
Basement: No
Year Built: 1950
New Construction: No
Total #/Bldgs: 3
Total SqFt.: 672
SqFt. 1: 672
ESTIMATED SqFt Source: Assessor
Lot Acres: 3.71
Lot Type 1: Commercial
Business Type: Hotel/Motel
Realtor.COM Type: Commercial

Legal and Taxes

Legal: 28-56N-5W ALBANY FALLS ORCHARD E 200FT OF LOT 11 TRACTS N OF GN RIVER COUNTRY MOTEL & RIVERVIEW RV PARK
AIN/Tax Bill: N/A
Parcel Number: RP00003000011GA
Zoning: Suburban
Directions: Located on the South side of Hwy 2 between Priest River and Old Town.
Taxes: 1016.38
Tax Year: 2022
Taxes Reflect 1: No Exemptions

Remarks

Public Remarks: Successful INVESTMENT PROPERTY with multiple streams of income and ONSITE property managers. This property runs with nearly 100% occupancy and is located just above the beautiful Pend Orville River! There are 14 RV hookups that rent at $500 each. The motel building includes 7 rooms total, including a manager's apartment with office. Each motel room is rented on a monthly basis. There is also a detached, single-family cottage that has 2 bedrooms and 1 bathroom. Both of the detached cottages and the manager's apartment have been updated recently. Multiple outbuildings and storage sheds. New well pump approximately 3 years ago. See documents tab for more information on rent rates and utilities. SELLER FINANCING is a possibility.

Address

Street Number: 3566
Street Name: Highway 2
State/Province: ID
Postal Code: 83856
County: Bonner

Property Subject To

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

More Information

Business Info

Inventory List Available?: No
Inventory Included in Sale Price?: Yes
Equipment Included in Sale Price?: Part
Confidential from Employees?: No
Non-Disclosure Agreement: Yes

View

Mountain(s): Yes
River: Yes
Territorial: Yes

Lot Features

Landscaped: Yes
Level: Yes
Open Lot: Yes
Sloped: Yes

Interior Features

High Speed Internet: Yes
Wall Unit(s): Yes

Fencing

Partial: Yes

Exterior Features

Lawn: Yes
Lighting: Yes
Paved Parking: Yes

Other Structures

Shed(s): Yes
Storage: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Seller Financing: Yes

Road

Gravel: Yes
Paved: Yes

Water

Private Well: Yes

Common Walls

No Common Walls: Yes

Sewer

Septic Tank: Yes

Fuel

Electric: Yes

Heating

Cadet: Yes

Basement

Crawl Space: Yes

Foundation

Concrete: Yes

Construction

Frame: Yes

Exterior

Vinyl Siding: Yes

Roof

Comp Shingle: Yes
Metal: Yes

Property Features

Business Info: Non-Disclosure Agreement View: Mountain(s); River; Territorial Lot Features: Landscaped; Level; Open Lot; Sloped Fencing: Partial Interior Features: High Speed Internet; Wall Unit(s) Exterior Features: Lawn; Lighting; Paved Parking Common Walls: No Common Walls Fuel: Electric Heating: Cadet Other Structures: Shed(s); Storage Basement: Crawl Space Construction: Frame Foundation: Concrete Exterior: Vinyl Siding Roof: Comp Shingle; Metal Road: Gravel; Paved Water: Private Well Sewer: Septic Tank Terms Considered: 1031 Exchange; Cash; Conventional; Seller Financing

Listing Office: Keller Williams Realty Coeur d'Alene

Last Updated: October - 05 - 2024

Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.