About This Home
This 0-bedroom, 3-bathroom commercial at 723 Pine St in Sandpoint, ID is listed for $699,000 ($518 per sqft). Built in 1910, the home offers 1,350 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1910
- 0.16 acre lot
Property Details
Amenities
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 cash flow with long-term upside.
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
723 Pine St
Sandpoint, ID 83864
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 3-bathroom commercial at 723 Pine St is listed at $699,000 ($518/sqft). The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.16 acre lot. Interior Features: High Speed Internet, Mini-Split A/C.
This property is listed by Matthew C Erickson and can be reached at 2089468278.