216-220 6th, Wallace, ID 83873

Property Description

Step into a truly turnkey investment opportunity in the heart of historic Downtown Wallace, Idaho. Originally constructed in 1914, The Camia has been thoughtfully renovated and transformed into a sophisticated mixed-use property that blends historic character with modern infrastructure and contemporary design. Located just 15 minutes from both Lookout Pass and Silver Mountain ski resorts, the property offers an exceptional combination of commercial, hospitality, and residential income potential in one of North Idaho's most unique and desirable historic communities. An extensive renovation was completed in 2023, encompassing a comprehensive interior engineering and remodel. Improvements include exposed post-and-beam construction, all-new plumbing, HVAC, and electrical systems, dual-pane energy-efficient windows, and a new roof. The renovation was designed to preserve the building's historic charm while providing the functionality, efficiency, and quality expected from a modern investment property. All completed work was permitted through the applicable City, County, and State authorities. The street level features an upscale, beautifully designed bar and lounge with a dedicated cigar/library sitting room, creating an inviting and distinctive atmosphere for guests and patrons. The commercial portion of the building encompasses approximately 5,625 square feet with impressive vaulted ceilings ranging from approximately 12 to 16 feet. Adjacent to the lounge is an additional 1,875-square-foot open restaurant space, ready for the next owner to design and build out according to their vision. This space provides significant opportunity for an operator, restaurateur, or investor looking to establish a complementary hospitality concept within the property. Both buildings also include an approximately 1,875-square-foot basement, offering additional storage, operational, or future-use potential. The second and third floors feature four fully furnished, beautifully appointed lofts. Each unit offers an open-concept floor plan, a full kitchen with stainless steel appliances, stylish bathrooms with oversized walk-in dual-head showers, and dedicated laundry facilities. The lofts have been designed to accommodate both short-term and long-term rental strategies, providing flexibility for an owner/operator or investor. Modern security and access-control systems have also been integrated throughout the property. The main lobby entrance and individual loft doors feature key and/or keyless access systems utilizing codes. A remotely monitored Smart CCTV security system is installed throughout the property, providing additional convenience and security for both ownership and guests. Throughout The Camia, careful attention has been given to preserving the building's historic identity. Modern finishes and newly upgraded infrastructure complement original exposed brick and architectural character. The result is a rare combination of historic charm, modern functionality, and turnkey operating potential. With its prominent Downtown Wallace location, proximity to two ski resorts, extensive 2023 renovations, multiple commercial spaces, four furnished lofts, and significant additional square footage, The Camia presents a unique opportunity to acquire a fully renovated mixed-use property with diverse potential income streams and future upside.