101 Montgomery St - Storefront Retail/Residential FOR SALE


Idaho City, ID 83631
$699,000 USD
208-957-4788
101 Montgomery St, Idaho City, ID for Sale
$699,000 USD
Storefront Retail/Residential - FOR SALE
1/84
null | 9.5% Cap Rate

101 Montgomery St
Idaho City, ID 83631


HIGHLIGHTS

  • Irreplaceable "Main & Main" Location
  • Long-Term Lease Stability
  • Fully Stabilized with 100% Occupancy
  • Extensive 2022 Capital Improvements
  • Strategic Diversification & Risk Hedge
  • Operational Efficiency (Individually Metered)

OVERVIEW

Commanding the premier gateway entrance to historic Idaho City, 101 Montgomery Street is the town’s most visible commercial landmark. Situated at the high-traffic intersection of Montgomery Street and Highway 21, this ±3,161 SF mixed-use asset captures the first look of every visitor entering the Boise Basin. The property occupies a prime 0.31-acre corner lot, offering a dominant position in a high-barrier-to-entry market where core commercial real estate is rarely available. Extensively renovated in 2022, the building provides a turnkey investment that seamlessly blends modernized infrastructure with the authentic historic character that defines this mountain destination. The property is currently 100% occupied, delivering a stabilized and diversified income stream across four separate units. The tenant mix is strategically balanced to capture both local demand and year-round tourism, anchored on the lower level by a boutique wine bar and salon alongside a high-traffic ice cream parlor. The upper level features two "mountain-chic" residential units (a one-bedroom and a studio) boasting high-end hardwood (lvp) floors and a signature deck with panoramic mountain views. To ensure efficient, low-touch management, all four units are metered for power, allowing for a streamlined operation with minimal owner-side utility overhead. With ample surface parking and a location that cannot be replicated, 101 Montgomery Street offers a yield profile and stability that significantly outperforms comparable assets in the greater Boise-metro area. This is a rare opportunity to acquire a cash-flowing legacy property in a "main-and-main" location with built-in risk diversification across retail and residential sectors. A full financial package and rent roll are available to qualified investors upon request.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

MH

APN/PARCEL ID

I000100F007A

ASK ABOUT THIS PROPERTY

Cole LasherCole LasherMore Info
208-957-4788

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Cole LasherCole LasherMore Info
208-957-4788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.