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    1411 N Division

    Sandpoint, ID 83864
    • $2,495,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 20200973
    UPDATED: 75 min ago
    $2,495,000
    • 0
      BEDS
    • 3.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 37,000
      SQFT
    • $67
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Leased warehouse investment property in Sandpoint, Idaho. This 4 building 3.9+/- acre industrial property has outstanding access and visibility right on the corner of Division and Baldy Mountain Rd., two of Sandpoint's busiest arterials. Formerly the home of Alpine Lumber in Sandpoint the property has been recently remodeled and updated, allowing for new tenants. Most tenants are on multi-year leases. Currently there is approximately 8550' available to an additional tenant or for an owner user. Over 37,000 total building square feet. More than enough land to build additional buildings. At the current asking price with the current NOI this is just under a 6% cap rate. The proforma cap at this price is approximately 7.7%.

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    © 2020 of Selkirk Association of Realtors® MLS. All rights reserved. Listing information courtesy of Selkirk Association of Realtors® MLS. IDX data 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. Data is deemed reliable but is not guaranteed accurate by the Selkirk Association of Realtors. Data last updated 2020-06-06T23:59:20.587.
    www.mallrealtygroup.com/homes/105303207

    1411 N Division Sandpoint, ID 83864

    • Price: $2,495,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: 20200973
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.92
    Acres
    37,000
    SQFT
    $67
    $/SQFT
    Neighborhood:
    1-Sandpoint
    County:
    Bonner
    Area:
    1-Sandpoint
    Property Description
    Leased warehouse investment property in Sandpoint, Idaho. This 4 building 3.9+/- acre industrial property has outstanding access and visibility right on the corner of Division and Baldy Mountain Rd., two of Sandpoint's busiest arterials. Formerly the home of Alpine Lumber in Sandpoint the property has been recently remodeled and updated, allowing for new tenants. Most tenants are on multi-year leases. Currently there is approximately 8550' available to an additional tenant or for an owner user. Over 37,000 total building square feet. More than enough land to build additional buildings. At the current asking price with the current NOI this is just under a 6% cap rate. The proforma cap at this price is approximately 7.7%.
    Exterior Features

    Exterior Finish Steel Water Access No

    Interior Features

    Basement None Heating Fuel Source ElectricGas-Natural

    Property Features

    County Seat Sandpoint In City Limits Yes Range 2W Reo No Sale Rent For Sale Section 16 Sqft Source Owner Tax Property Id Rps00000167210a Tax Year 2019 Taxes 99911 Township 54N Type Commercial Building Zoning Industrial

    Listing provided courtesy of Keller Williams Realty.


    © 2020 of Selkirk Association of Realtors® MLS. All rights reserved. Listing information courtesy of Selkirk Association of Realtors® MLS. IDX data 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. Data is deemed reliable but is not guaranteed accurate by the Selkirk Association of Realtors. Data last updated 2020-06-06T23:59:20.587.
     
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    Keller Williams Realty Coeur d'Alene
    1450 Northwest Blvd #301
    Coeur d'Alene ID, 83814