220 6th St - Restaurant FOR SALE


Wallace, ID 83873
$2,250,000 USD
208-770-2597
220 6th St, Wallace, ID for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/20
null | Request Cap Rate

NEW


220 6th St
Wallace, ID 83873


OVERVIEW

All of the hard work is done in this beautiful turnkey mixed-use brick building, originally built in 1914. The ''Camia'' sits in the heart of Downtown Wallace only 15 minutes from both Lookout Pass and Silver Mountain ski resorts. The building underwent a total renovation completed in 2024 consisting of a total interior engineering and remodel, including exposed post/beam installation, all new plumbing, HVAC, and electrical, all new dual pane energy efficient windows, and a new roof. The street level features a beautifully designed upscale bar and lounge with a cigar/library sitting room. All three commercial spaces have vaulted 12'-16' ceilings with a total floor space of approximately 5,625 sqft, as well as a 1,875 sqft basement. Attached to the lounge is an open restaurant space of 1,875 sqft that is ready for design and buildout. The second and third floors boast four fully furnished well-appointed lofts, with wide open floor plans, beautiful bathrooms with large walk-in dual head showers, laundry rooms, and full kitchens with stainless steel appliances. The lofts are designed for both short-stay and long-term rentals, the lobby entry and all loft doors have key and/or keyless (code/card) access control systems and there's also a remote monitor "Smart" CCTV system installed throughout the property. Attention to detail and design are apparent throughout this wonderful building as it maintains its historical exposed brick charm, with the benefits of new plumbing, electrical, HVAC, and energy-efficient infrastructure standards of 2024. All completed work is permitted with the City, County, and State.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Albi's Steak House & Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CC

APN/PARCEL ID

B0050017019C,B0050017019D

ASK ABOUT THIS PROPERTY

Chad BurdKiemle HagoodMore Info
208-770-2597

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

Chad BurdKiemle HagoodMore Info
208-770-2597

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