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$ 2,650,000
Est. payment /mo
Pending
702 N Florence Sandpoint, ID 83864
42,253 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business & Real Estate
Listing Status Pending
Purchase Type For Sale
Square Footage 42,253 sqft
Price per Sqft $62
Subdivision Id
MLS Listing ID 20260659
Annual Tax Amount $6,558
Tax Year 2025
Lot Size 0.970 Acres
Acres 0.97
Property Sub-Type Business & Real Estate
Property Description
Turnkey 17-space mobile home park in the heart of Sandpoint, offering immediate stability, full occupancy, and future upside. Owner-operated and meticulously maintained for over 30 years, this is a rare opportunity to acquire a clean, well-run park with a strong track record. The property includes 17 total units, with 9 owned units, and a reliable tenant base of long-term residents. The park is fully occupied, providing consistent in-place income with clear potential for increased returns. Situated on 12 contiguous city lots spanning approximately one acre, this property offers a unique blend of stability today and development potential for the future. Zoned RM (Residential Multi-Family), the site allows for increased density and expansion, giving investors the flexibility to continue operating as-is, improve for increased income, or explore redevelopment over time. Additional features include on-site storage buildings, one equipped with water, sewer, and power—further supporting value-add opportunities. Attractive seller financing terms are available, creating a compelling opportunity for buyers seeking flexible acquisition options and the ability to enhance overall returns. Located within an Opportunity Zone, this asset presents potential tax advantages while positioning investors to benefit from continued growth in one of North Idaho's most sought-after markets. Assets combining full occupancy, scale, and redevelopment flexibility in this location are exceptionally rare. Sandpoint continues to attract investors and residents alike with its proximity to Lake Pend Oreille and Schweitzer Mountain Resort, strong demand for housing, and limited in-town inventory. As population growth and housing demand remain steady, properties like this offer both immediate stability and long-term upside.
Location
State ID
County Bonner
Building
Sewer Public
Water Public
Listed by KELLER WILLIAMS REALTY
NEARBY SCHOOLS & PROPERTIES
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Cambria Henry
Designated/Managing Broker | License ID: 25838
304 W Pacific Ave Suite 310, Spokane, WA, 99201, United States