$3,250,000
Sandpoint, ID 83864
MLS# 21-7600
Status: Closed
8500 sqft
1 / 44
Property Description
Located in the heart of downtown Sandpoint, this one-of-a kind commercial venue is standalone to anything in it's location. Equipped with state of the art light production, PA sound system, 360 degree live action video capture - The Hive is ready for anything you throw it's way. $3M renovations includes complete replacement of roof & foundation, new electrical systems, HVAC systems & plumbing. Fully remodeled restrooms & custom fixtures. 2 Full-service Liquor Bars, 4 mezzanine level VIP booths & an Idaho State Liquor License (market value >$200k). Renovation of backline/equipment storage. Fully built in light production console w/ fixed colored cap-light system, strobe light system all link to light production bay. Six subwoofers installed under the stage w/ backstage equipment storage & artist green room. Behind the venue is an additional building with code-locked entry, including a 2 bedroom apartment, a full office & additional storage space.
Details
Documents
Contract Information
Status: Closed
Listing Type: Business, Bld & Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2021-07-26
List Price: $3,250,000
Sold Date: 2022-03-28
Under Contract Date: 2022-02-09
Non-Agent Compensation Type: %
Buyer Agency Compensation: 2.5
Buyer Agency Compensation Type: %
Financing: 1031 Exchange
General Property Description
Building Style: Multi Level
Basement: No
Year Built: 1900
New Construction: No
Total #/Bldgs: 2
Total SqFt.: 8500
ESTIMATED SqFt Source: Assessor
Lot Acres: 0.2
Lot Type 1: Commercial
Business Type: Recreation
Realtor.COM Type: Commercial
Legal and Taxes
Legal: 22-57N-2W SANDPOINT ORIG BLK 5 N2 LOT 5 THE HIVE
AIN/Tax Bill: 11455
Parcel Number: RPS0389005005BA
Zoning: Commercial
Directions: Downtown Sandpoint; Corner of Church St and N First Ave and will be the second building on the left.
Taxes: 9397
Tax Year: 2020
Taxes Reflect 1: No Exemptions
Remarks
Public Remarks: Located in the heart of downtown Sandpoint, this one-of-a kind commercial venue is standalone to anything in it's location. Equipped with state of the art light production, PA sound system, 360 degree live action video capture - The Hive is ready for anything you throw it's way. $3M renovations includes complete replacement of roof & foundation, new electrical systems, HVAC systems & plumbing. Fully remodeled restrooms & custom fixtures. 2 Full-service Liquor Bars, 4 mezzanine level VIP booths & an Idaho State Liquor License (market value >$200k). Renovation of backline/equipment storage. Fully built in light production console w/ fixed colored cap-light system, strobe light system all link to light production bay. Six subwoofers installed under the stage w/ backstage equipment storage & artist green room. Behind the venue is an additional building with code-locked entry, including a 2 bedroom apartment, a full office & additional storage space.
Address
Street Number: 207
Street Direction Pfx: N
Street Name: 1st 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: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Fire Protection Name: Sandpoint City
Miscellaneous
Sec: 22
Twn: 57N
Rng: 2W
Rng Dir: WBM
Business Info
Inventory List Available?: Yes
Inventory Included in Sale Price?: Yes
Equipment Included in Sale Price?: All
Confidential from Employees?: No
Property Features
View: Mountain(s)
Lot Features: Level
Interior Features: Central Air; Extra Storage; Fire Sprinklers; High Speed Internet; Phone Prewired
Common Walls: 2+ Common Walls
Fuel: Electric; Gas
Heating: Furnace; Stove - Electric; Stove - Gas
Basement: None
Construction: Brick; Frame
Foundation: Concrete
Exterior: Brick; Wood
Roof: Rolled Comp
Road: Paved; Public Maintained Road
Sewer: City Sewer
Terms Considered: Cash; Conventional
Aerial 1 
Plat 
Listing Office: Realm Partners, LLC.
Last Updated: March - 29 - 2022
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.
Friday 26th of April 2024 12:31 PM