100 & 105 1st Ave 3 Properties Offered at $5,597,195 CAD in Sandpoint, ID

A rare waterfront investment opportunity in the heart of downtown Sandpoint. Owner would entertain an owner carry contract for qualified buyers.
This one-of-a-kind commercial offering features two separate buildings totaling over 10,000 SF, each with active restaurant tenants and expansive patios overlooking the marina. Cap Rate is based off of Owner's Reported Net Income (which does not include a vacancy rate, property management fee, and includes low maintenance costs).
Property also offers a luxury penthouse residence operates as a successful 3 bed / 3 bath vacation rental, providing additional income-earning potential. The vacant commercial lot between the two buildings is included and filled with beautiful gardens, picturesque patio space, and direct access to the Sand Creek marina and boardwalk. Sale also includes two liquor licenses associated with the two restaurants. Historic downtown Sandpoint includes a unique collection of restaurants, retail businesses, art galleries, entertainment, and is a mere 20 minutes from Schweitzer Mountain Resort. Located within Sandpoint's Federal Opportunity Zone, this legacy-quality asset offers compelling tax incentive potential in one of the most sought-after resort towns in the Northwest.