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27190899
27190927

600 Cedar St, Wallace, ID 83873 For Sale

KB
ID SP44091
Kelly Right Real Estate of Idaho LLC
Listed by Kelly Right Real Estate of Idaho LLC
$4,900,000
295 days on market
Updated 8 days ago

The Blackboard Marketplace & Business Center

Details
APN B0050022002A
Property Type Business for Sale, Hospitality (+2)
Sub Type Business and Building, Restaurant (+1)
Square Footage 22,924
Net Rentable (SqFt) 17,924
Units 20
Beds 11
Cap Rate 7.14%
NOI $350,000
Occupancy 80%
Pro-Forma Cap Rate 11.22%
Pro-Forma NOI $550,000
Price per SqFt $214
Broker Co-Op Yes
Class B
Year Built 1933
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.140
Zoning Commercial Mixed Use
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple

The Blackboard Marketplace & Business Center (5) Separate Operating Businesses incl Bldg & Land

Marketing description

* Restaurant * Coffee Shop/Deli & Bakery * Bookstore * Clothing Company * Commercial Condos * with add'l street-level retail space and undeveloped top floor suites for a boutique hotel, Ski/Tourist Resort condos w/HOA fees or apartments featuring a separate outside entrance. Property encompasses over 23,000+ sqft. Ideally located between two renowned ski resorts, Silver Mountain and Lookout Pass in a vibrant community known for festivals and fairs almost every weekend year-round. Award-winning restaurant featured in Sunset Magazine, Good Morning America, FoxNews and The New York Times, with numerous other honors including 12 separate ''Best in Idaho'' awards across multiple categories, twice recognized as ''Best in the U.S.'' and ranked in the Top 10% world-wide by TripAdvisor. Strong financials and an investor-ready CAP rate.

Link to video introduction to investor opportunity: https://www.youtube.com/watch?v=xxuvGLoM-5Y

Investment highlights

Unutilized street level retail space and undeveloped Boutique Hotel or Resort Condos (with HOA fees) upstairs with separate outside entrance. Property sandwiched between two renown ski resorts in a year-round tourist town.

Listing Contacts

KB
ID SP44091
Kelly Right Real Estate of Idaho LLC
Listed by Kelly Right Real Estate of Idaho LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$350,000.00
$29,166.67/mo

Valuation Metrics

0
DSCR
7.14%
Cap Rate
7.14%
ROI

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Additional Information

Name
Keith Boe
License
SP44091
Brokerage
Kelly Right Real Estate
Title
Realtor
Brokerage Address
13403 North Government Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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