32211 HWY 200, Sandpoint, ID 83864

$2,350,000
6,550
SqFt

Property Description

Strong Income-Producing Property with STORAGE UNITS! Property consists of 4 commercial parcels (22 city lots) totaling 1.9 acres, encompassing an entire city block with frontage on both Highway 200 and Main Street. 115 Storage Units with on-site management currently provided by existing commercial tenant (Squeeky's). Storage units are currently at 95% occupancy following a rate increase and are expected to return to traditional 100% occupancy by Spring/Summer. Potential to add additional storage units. 3 Residential manufactured homes are fully leased, with recent improvements and updates. 3 Commercial spaces are fully leased and occupied by Squeeky's (50 Years in Business), Our Neck of the Woods, and Papa Stew Cycles. STRONG UPSIDE with virtually all commercial and residential leases currently below market rates! Vacant lot with Highway 200 Frontage leased and managed by Squeeky's (Uhaul operations and truck/trailer storage).

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Listing courtesy of RE/MAX in Action.