Real Estate Commercial Investment Building Antique
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| Current Price |
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| Time Left |
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| Bid Count |
0 |
| Buy It Now Price |
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| Reserve Price |
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| Start Time |
Tuesday, July 08, 2008 |
| End Time |
Thursday, August 07, 2008 |
| Location |
Coeur d'Alene, Idaho |
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Description
Antique Corner 1104 N. 4th St Coeur d’Alene, Idaho 83814 Fax: 208-667-8247 Phone: 208-667-8250 email: antiquecorner@verizon Health has forced us to sell our beloved Antique Mall Business. For Sale This Turn Key Antique Mall and Building for sale includes: 1.) Business Name and Logo registered with the State of Idaho 2.) Inventory of between $45,000.00 and $48,000.00 at whole sale cost. 3.) All Display Cabinets and shelving that the Business owns 4.) Computer system, point of sales receipt printer, auto cash drawer, Antique mall soft ware, Fax machine, office desk, filing cabinets, phone system and the web site (http://www.antiquecorner-idaho.com/) 5.) The Mall income is $7744.00 per month from just the floor space rental. We are always full with less than a 1% annual turn over and a large waiting list. 6.) Annual gross sales are averaging between $180,000.00 and $225,000.00 after only 3 years of being in business. That adds another $20,000.00 to $27,000.00 commission to the Mall income. Which gives a cap rate of between 12% and 13% return. 7.) 8,099 Square Foot Free Standing concrete block Pad Building -Approx. 6,915 SF, 1st floor Show Room Retail Space -Approx. 1,184 SF, 2nd floor office and Retail Space -10 x 10 ft. truck loading door -Nearly new Firestone membrane roof -85 feet of glass front -Approx. 7000 SF of off street private parking lot This highly visible corner lot is located just North of Downtown Coeur d’Alene, Idaho along 4th Street, which is one of the 3 main accesses to Downtown and Lake Coeur d’Alene. The average daily traffic counts are estimated at nearly 9,000 cars per day on this stretch of 4th Street. Building priced to sell at only $105.00 per Square Foot (the average square foot cost in Coeur d'Alene is between $140.00 and $150.00). This turn key Antique Mall is a good buy for a total of $878,000.00 that produces a minimum of a 12.5% cap rate. For that price you get $45,000.00+ of antique/collectable inventory and a building that comps at between $850,000.00 to $985,000.00, Commercial property in Coeur d’Alene is still appreciating at 8% to 10% annually. Or you can buy the Antique Business for $30,000.00 and lease the building for only $ .81 per SF. Lease property here has an average of $ .85 to $1.05 per SF. Coeur d'Alene is one of the fastest grown communities in the Pacific Northwest. This business is also for sale locally, so take a quick look before it is gone. Check out this web site for information on Coeur d’Alene, Idaho http://www.city-data.com/city/Coeur-d-Alene-Idaho.html
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