310 E Center St
Mixed Use | 6.30% CAP | 47,076 SqFt
Marketing description
Investor-ready downtown Pocatello landmark! This fully functional, income-producing mixed-use building offers 42 residential units, 6 commercial storefronts, and over 16,000 SF of unfinished basement. All steps from Idaho State University. With recent capital upgrades (roof, HVAC, electrical, and more), this historic 47,000+ SF asset is primed for value-add strategies like sober living, student housing, or co-living. Current NOI supports a ~6% cap rate, with under-market rents and ~20% vacancy upside. Walkable location in Pocatello’s vibrant historic district. Zoned for flexible use. Ideal for investors, housing operators, or mission-driven groups. Schedule your tour and explore the potential of this amazing investment opportunity.
Investment highlights
Incredible opportunity for value-add investors, nonprofits, or transitional housing operators. 42 units + 6 commercial suites + large unfinished basement with expansion potential. Layout supports per-bed rental models (sober living, student housing, etc.) or business suites. Owners open to creative deal structures: seller carry, lease-to-own, or operational partnership. Easy to show with appointment—financials, rent rolls, and offering memo available.
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