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$699,000
Est. payment /mo
2,370 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Building
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $294
Subdivision Id
MLS Listing ID 20262214
Year Built 1910
Annual Tax Amount $2,874
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Commercial Building
Property Description
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 current cash flow with long-term income growth potential.
Location
State ID
County Bonner
Interior
Heating Forced Air, Gas-Natural, Central Cntrl
Flooring Vinyl
Exterior
Roof Type Composition
Building
Story 2 Stories
Foundation Concrete
Sewer Public
Water Public
Schools
School District Lake Pend Oreille
Others
Ownership Fee Simple
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Listed by SILVERCREEK REALTY GROUP
Nearby School & Business
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