723 Pine St, Sandpoint, ID 83864
sale
$699,000
|
Other
Courtesy Of Silvercreek Realty Group, LLC
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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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Wood Siding
- Exterior Type: Frame
- Heating System: Electric (Heating)
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: 22-57N-2W Laws 3rd Addn Blk C Lot 7 Rental Office/Converted Res Pend Oreille Midwifery
- MLSID: 26-9199
- Roof Type: Composition
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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