About 723 Pine St
723 Pine Street offers an attractive opportunity to acquire an income-producing commercial investment in the heart of Sandpoint. The property features two commercially zoned buildings with NNN leases currently in place, each occupied by an established local business. Unit A is a 1,350 SF medical office with a long-term lease through July 2030 and built-in annual rent increases. Unit B is an approximately 1,000 SF commercial kitchen, providing a second income stream and versatile commercial space. The property has benefited from substantial improvements, including a major remodel in 2012, new roof in 2023, and new HVAC in 2024. Offered at $699,000, the property generates approximately $39,829 in current annualized NOI, representing a 5.70% current cap rate. With two separate commercial buildings, established local tenants, NNN income, off-street parking, recent capital improvements, and a convenient in-town Sandpoint location, 723 Pine Street combines cash flow with long-term upside.
Features of 723 Pine St
| MLS® # | 26-9199 |
|---|---|
| Price | $699,000 |
| Bathrooms | 3.00 |
| Square Footage | 1,350 |
| Acres | 0.16 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Sub-Type | Comm'l Bldg w/Land |
| Status | Active |
Community Information
| Address | 723 Pine St |
|---|---|
| Area | North (Bonner & Boundary) |
| City | Sandpoint |
| County | Bonner |
| State | ID |
| Zip Code | 83864 |
Amenities
| Parking | Paved Parking |
|---|---|
| # of Garages | 1 |
| View | Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | High Speed Internet, Mini-Split A/C |
|---|---|
| Heating | Natural Gas, Electric, Forced Air, Mini-Split |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Crawl Space |
Exterior
| Lot Description | Landscaped, Level |
|---|---|
| Roof | Composition |
| Foundation | Pillar/Post/Pier, Block |
Additional Information
| Zoning | Commercial C-CC |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Silvercreek Realty Group, LLC |
|---|