The Wheel Bar
Bar/Liquor license/Building for Sale | 39.12% CAP | 2,328 SqFt
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Description
37 years in Business! Well established, successful & one of the few bars located in Smelterville Idaho. 1 Full Liquor License. 1,428 SQFT of main level Bar space. 2,328 total Sqft. This is 1 of only 2 Liquor Licenses issued in Smelterville. Here’s your chance to own one of the area’s favorite gathering spots and a fully operational bar with a rare, transferable liquor license included in the sale. This well established business offers steady local traffic and is sitting on 80ft of main st road frontage, loyal patrons, and strong growth potential. The property features an inviting main bar with ample seating, pool table, Gaming area, and space for live entertainment on the exterior patio. The sale includes all fixtures, furnishings, and equipment, along with the valuable liquor license, a significant asset in Idaho’s limited-license market. Located on 80 ft of high-visibility street frontage with convenient & quick access of I90, and plenty of parking, this property is ready for your vision. Whether you’re a seasoned operator looking to secure another location or an entrepreneur looking to step into the hospitality industry, this turnkey business is priced to sell and ready to open the doors under new ownership.
Building details: Full size Basement 29x29’. Addition on west end 36x16’ addition on west end done in 1998. Small outdoor patio 5’x36’. Seating capacity 40. 2 bathrooms. 50/50 shared income on Pinball, Pool table, dart board, Jukebox with a gaming company. New pitched roof done in 2021.
Additional highlights and metrics, situated on a 0.07 Acre lot with 80 ft of main st road frontage, it’s the first bar you see when you get off of the interstate. Shoshone County had 13,169 residence in a 2020 Census. Located right off of Interstate 90, Heavy traffic area: Traffic Count of Vehicles 12,000+ Per Day on I90. Approx. 62 Business establishments in the town of Smelterville. Smelterville’s population is 1,500 residents. Visitor spending in Shoshone County for 2023 reached $45.2 million.
Fully operational bar with liquor license
All equipment, furnishings, and inventory included
High-traffic location with loyal customer base
Excellent growth potential
Don’t miss this rare opportunity to own a licensed bar in a growing North Idaho community.
Investment highlights
Seller Financing Terms - Terms are subject to Purchase Price.
15% Down. 5% IR. Minimum Payments are to be $1500/month. Remainder due in full in 3 Yrs.
Address is for Bar pulls up as 218 main st. on Shoshone County GIS. Parcel #'s RPF0200001001A & RPF0200001002A.Apartments right to the East of the Bar is 220 main st. Parcel# RPF0200001003A
Apartments right to the East of the Bar is 220 main st. Parcel# RPF0200001003A
Value Add- Alcohol Sales are well under market rate per drink. Seller is open to selling the 2 Apartments with the Bar at separate pricing.
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