723 Pine, Sandpoint, ID 83864
Courtesy of Silvercreek Realty Group, LLC
- $699,000
- 3
- BA
- 1,350
- SqFt
- List Price
- $699,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 26-9199
- Subtype
- Commercial Sale
- Style
- Multi Level
- Year Built
- 1910
- Bathrooms
- 3
- Living Area
- 1,350
- Lot Size
- 6,969
- Acres
- 0.16
- MLS Area Major
- North (Bonner & Boundary)
Property Description
723 Pine Street offers an attractive opportunity to acquire an income-producing commercial investment in the heart of Sandpoint. The property features two commercially zoned buildings with NNN leases currently in place, each occupied by an established local business. Unit A is a 1,350 SF medical office with a long-term lease through July 2030 and built-in annual rent increases. Unit B is an approximately 1,000 SF commercial kitchen, providing a second income stream and versatile commercial space. The property has benefited from substantial improvements, including a major remodel in 2012, new roof in 2023, and new HVAC in 2024. Offered at $699,000, the property generates approximately $39,829 in current annualized NOI, representing a 5.70% current cap rate. With two separate commercial buildings, established local tenants, NNN income, off-street parking, recent capital improvements, and a convenient in-town Sandpoint location, 723 Pine Street combines cash flow with long-term upside.
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Additional Information
- Interior Features
- High Speed Internet, Mini-Split A/C
- Taxes
- $2,874
- Property Description
- Multi Level
- Zoning
- Commercial C-CC
- Heating
- Forced Air, Mini-Split, Electric, Natural Gas
- Exterior Features
- Exterior
- Roof
- Composition
- Foundation
- Pillar/Post/Pier, Block
- Parking Features
- Paved
- Garage Spaces
- 1
- View
- Neighborhood