www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29430837
29430859

251 E Center St, Pocatello, ID 83201 For Sale

MW
ID ID SP00023523
Premier Properties Real Estate Co
Listed by Premier Properties Real Estate Co
$714,900
172 days on market
Updated 172 days ago

Commercial General

Details
Property Type Hospitality, Mixed Use
Sub Type Hotel, Motel
Square Footage 13,822
Price per SqFt $52
Buildings 2
Stories 3
Acreage 0.200

Hospitality

Marketing description

Iconic Downtown Bar & Mixed-Use Investment Opportunity in Pocatello

A truly unique and historic offering in the heart of Pocatello, this iconic property has long been home to The Office Bar, a well-known and enduring local establishment. Now available as a turnkey business and real estate opportunity, this property blends character, functionality, and exceptional upside potential.

The main level has undergone a complete remodel, featuring a vibrant bar space with an upper-level stage that has hosted numerous live shows and entertainment events over the years. The adjacent restaurant area boasts a newly built kitchen with updated hood system, appliances, work areas, and countertops—ready for immediate food service operations. The open, common layout allows for flexible seating arrangements, while a refurbished rear seating deck provides additional gathering space and seasonal appeal.

The upper two levels present a compelling value-add opportunity. Each floor contains approximately nine studio-style rooms, historically used as hotel and housing accommodations dating back to the turn of the century. Much of the upper-level infrastructure has been preserved, including a striking metal and marble stairwell with separate access from Center Street. These levels are well-positioned for redevelopment into short-term rental units, boutique lodging, creative Airbnb-style spaces, or downtown residential rentals, offering significant potential for additional cash flow.

The lower level, with its own private entrance from Center Street, has been recently remodeled and is currently configured as a finished tattoo parlor, providing another income-producing component or adaptable space for alternative commercial uses.

With multiple access points, rich history, and a flexible mixed-use configuration, this property offers endless possibilities for an investor or owner-operator seeking a landmark downtown asset with strong existing income and substantial upside.

Investment highlights

  1. Iconic, Long-Standing Pocatello Establishment
    Home of The Office Bar for decades, offering strong local recognition, built-in clientele, and historic character.

  2. Turnkey Bar & Restaurant Operation
    Main level fully remodeled with an active bar, live-entertainment stage, and updated restaurant space ready for immediate operation.

  3. New Commercial Kitchen
    Recently installed kitchen featuring updated hood system, appliances, work areas, and countertops—minimizing near-term capital needs.

  4. Multiple Income Streams
    Existing bar/restaurant operations combined with additional leasable or redevelopable spaces throughout the building.

  5. Upper-Level Value-Add Opportunity
    Two upper floors with approximately nine studio rooms per level, historically used as hotel/housing—ideal for boutique lodging, Airbnb-style rentals, or downtown residential units.

  6. Separate Access for Upper Levels
    Distinct Center Street entrance with original metal and marble stairwell, allowing independent operation and increased revenue flexibility.

  7. Recently Remodeled Lower-Level Space
    Finished basement with separate Center Street access, currently operating as a tattoo parlor—suitable for continued use or alternate commercial tenancy.

  8. Flexible Mixed-Use Configuration
    Open floor plans and multiple entrances support a variety of commercial, hospitality, and residential uses.

  9. Outdoor Seating & Event Potential
    Refurbished rear seating deck enhances customer experience and supports seasonal and event-driven revenue.

  10. Live Entertainment Venue History
    Built-in stage and proven track record of hosting live shows, music, and events, strengthening evening and weekend traffic.

  11. Historic Character with Modern Updates
    Combines turn-of-the-century charm with contemporary renovations, appealing to today’s experiential hospitality market.

  12. Strong Downtown Location
    Situated in Pocatello’s core, benefiting from walkability, nightlife traffic, and proximity to other downtown businesses and attractions.

Listing Contacts

MW
ID ID SP00023523
Premier Properties Real Estate Co
Listed by Premier Properties Real Estate Co

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Michael Wheelock
License
ID SP00023523
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591