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118 1st Street, Idaho Falls, ID

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118 1st Street

Idaho Falls, ID 83401-3967

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:1945
Building Size:4,000 SF Land Area:.88 AC (38,159 SF)
For Sale Price:$395,000 Price/SF:$98.75
Cap Rate:3.00 %
4,000 SF is available to occupy upon purchase.

Sale Notes:
Restaurant 4,000 Sq FT. NOW reduced $80,000. The Subject property is located on Northgate Mile on the corner of 1st street and Yellowstone in a highway commercial zone. It is Turn Key full service restaurant with over $100,000 in FF & E.The property is located on a hard corner and is surrounded by older mature retail and service type businesses. There is full movement through the property with additional parking contiguous to the South. The neighborhood is mature with very little new development growth opportunities immediately surrounding the subject property area. This is a high traffic property with high visibility.
Just off Northgate MIle and 1st Street.

Financial Summary (Actual)
Net Operating Income $15,750

Venture One Properties
Andrea Jeppesen
(208) 200-9696

Shane Murphy
(208) 542-7979 x102

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