$3,800,000
Sandpoint, ID 83864
MLS# 23-5939
Status: Closed
25222 sqft
1 / 29
Property 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.
Details
Contract Information
Status: Closed
Listing Type: Comm'l Bldg w/Land
Area: North (Bonner & Boundary)
Neighborhood Grid #: 440
Begin Date: 2023-06-21
List Price: $3,800,000
Sold Date: 2024-02-15
Under Contract Date: 2023-12-23
Non-Agent Compensation Type: %
Buyer Agency Compensation: 2
Buyer Agency Compensation Type: %
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: 1
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
Miscellaneous
Sec: 22
Twn: 57N
Rng: 02WWBM
Rng Dir: WBM
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
Property Features
View: Lake; Mountain(s); River
Lot Features: Corner Lot; Level; Open; Southern Exposure
Interior Features: Elevator; High Speed Internet; Security System
Exterior Features: Landscaping; 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; Wood
Roof: Metal
Road: Paved; Public Maintained Road
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Listing Office: Back Forty Real Estate
Last Updated: February - 16 - 2024
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Thursday 2nd of May 2024 03:49 PM