608-612 Cedar, Wallace, ID


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Square feet



About 608-612 Cedar

Successful 14-Key Historic Hotel and Mixed Use Buildings. Anchor Tenant leases one office suite and the other Office Space has a separate 2bd apartment. Properties are located In an Opportunity Zone in a the steadily growing Wallace Visitor Base between Glacier and Seattle offering 4 seasons of recreation options with EZ I-90 access. Building 1: Historic Hotel and 2 Office Suites Nestled in the heart of picturesque North Idaho, the boutique hotel offers a serene retreat for travelers and a lucrative opportunity for investors. Located just minutes from the stunning shores of Lake Coeur d'Alene, the hotel is perfectly situated for outdoor enthusiasts and those seeking tranquility. The boutique hotel occupies the second floor of a beautifully restored historic building, blending vintage architecture with contemporary comforts. The hotel boasts 14 elegantly designed rooms, each with its own unique character and modern amenities. The ground floor features commercial tenant spaces, providing additional steady rental income. One space is rented with two year lease. The second space is recently renovated for a professional office with apartment in back. Currently operating at an occupancy rate of 27% due to the owners' semi-retired status, there is significant growth potential to increase occupancy to the hotel annual average of 63%, enhancing the hotel's revenue and profitability. The hotel enjoys a close-knit relationship with the local community, often collaborating with nearby businesses and artisans to offer exclusive experiences to the guests. Building 2: Event Center and Upstairs Luxury Apartment with a Private Roof-Top Patio A small ground-floor event center, ideal for hosting intimate gatherings (occupancy approximately up to 49 people), and an upstairs luxury one bedroom, one bathroom apartment, perfect for an owner's residence/second home or premium guest accommodation.

Features of 608-612 Cedar

MLS® # 24-6309
Price $2,845,000
Bathrooms 0.00
Square Footage 21,354
Acres 0.20
Year Built 1903
Type Commercial Sale
Sub-Type Business, Bld & Land
Style Multi Level
Status Active

Community Information

Address 608-612 Cedar
Area 12 - Silver Valley
City Wallace
County Shoshone
State ID
Zip Code 83873


View Mountain(s), City
Is Waterfront No
Has Pool No


Interior Features Cable Internet Available, Cable TV, DSL Available, High Speed Internet, Extra Storage
Heating Natural Gas, Hot Water, Radiant, Fireplace(s), See Remarks
Fireplace No
Has Basement Yes
Basement Unfinished, Part Finished


Exterior Features Lighting, Sidewalks, See Remarks
Lot Description Level, Alley Access
Roof Tar/Gravel
Foundation Concrete Perimeter

Additional Information

Zoning Com-Mix
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRidge River Realty, LLC

Listing Map

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