126 W Main St - Hospitality FOR SALE


Hope, ID 83836
$2,900,000 USD
520-403-3423
126 W Main St, Hope, ID for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

126 W Main St
Hope, ID 83836


HIGHLIGHTS

  • Overlooks Lake Pend Oreille and the Hope Islands on 7 lots with 175 feet of commercial frontage

OVERVIEW

Property Web site: http://www.hotelhopeforsale.com/ The historic Hotel Hope building (c. 1897) overlooks Lake Pend Oreille and the Hope Islands on 7 lots with 175 feet of commercial frontage. Additional adjoining 50 foot lot available. This beautiful two story 9,460 sq ft building combines unique architecture with commercial and residential mixed use potential. 1st floor is presently configured for use as a restaurant, lounge and retail space that could be easily configured for other uses. 2nd floor (presently being partially used as owners penthouse suite) consists of 15 rooms (6 rooms directly overlook the lake), five bathrooms, kitchenette and laundry room. All of this connects with a 760 sq ft covered veranda and a 2,000 sq ft rooftop patio, both providing spectacular lake views. The building was renovated in 1998 including new plumbing, electrical and mechanical systems. Perfectly located for recreation in north Idaho, Montana & Washington. Nearby golfing, boating, biking, skiing, swimming, fishing, hunting hiking. Incredible fall fishing, world record Gerrard rainbow trout. Short drive to Schweitzer Mountain Ski Resort. Nearby Sandpoint named The Most Beautiful Small Town. Surrounded by hundreds of square miles of pristine natural beauty, including the Coeur d' Alene and Kaniksu National Forests, the Green Monarch mountains, Scotchman Peaks, and the Clark Fork River, Lake Pend Oreille is the central, radiant gem of North Idaho a premier year-round resort area offering unparalleled opportunities for adventure and recreation. Boating, sailing, kayaking and canoeing are all popular pastimes on the lake, and swimming, water skiing and jet skiing are frequent activities in the summer. The trails and forests around the lake provide plenty of chances for great hiking, cross country skiing, and hunting and not just game hunting, but hunting for huckleberries and morel mushrooms!

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$335 USD /SF

# OF ROOMS

15

PRICE/ROOM

$193,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Hope

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1897

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,549 SF

ZONING

COM/Res

APN/PARCEL ID

RPH05-380-01013AA

ASK ABOUT THIS PROPERTY

John RossJohn RossMore Info
520-403-3423

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John RossJohn RossMore Info
520-403-3423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.