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515 S Challis Street

Salmon, ID 83467
  • $3,499,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 2162639
$3,499,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,126
    SQFT
  • $683
    $/SQFT
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Description

Making its debut on the market, we are delighted to present an exceptional investment opportunity: the acquisition of the EXXON Station, C-Store, and 93 Outdoor Sports in Salmon, ID. This family-owned and operated business, established in the mid-1960s, has become a thriving cornerstone of the community. The unencumbered and well managed asset provides a truly seamless transition to new ownership, with all inventory and assets included (With an offer accepted by sellers.) Notably, investors can anticipate an approximate 7.49% cash-on-cash return, reflecting the strong financial performance of this turnkey operation. This unprecedented opportunity in Salmon, Idaho offers the new owners the chance to become an integral part of this thriving community. This extraordinary opportunity includes four LOB's (Fuel Pumps, C-Store, Sporting Goods store and two Apartments). This business is nestled in the sought-after tourist destination of Salmon, Idaho, which is situated amidst the awe-inspiring allure of The Salmon River aka: The River of No Return and The Frank Church Wilderness, offering endless outdoor activities including hunting, fishing, white water rafting, and hiking.

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© 2024 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home | Keller Williams Realty East Idaho are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-04-18T19:25:19.91.
www.idahoperfecthome.com/homes/146204540
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515 S Challis Street Salmon, ID 83467

  • Price: $3,499,000
  • Status: Active
  • On Site: 120 Days
  • MLS #: 2162639
0
Beds
0
Baths
0
½ Baths
0.52
Acres
5,126
SQFT
$683
$/SQFT
1965
Built
County:
Lemhi
Area:
Salmon
Property Description
Making its debut on the market, we are delighted to present an exceptional investment opportunity: the acquisition of the EXXON Station, C-Store, and 93 Outdoor Sports in Salmon, ID. This family-owned and operated business, established in the mid-1960s, has become a thriving cornerstone of the community. The unencumbered and well managed asset provides a truly seamless transition to new ownership, with all inventory and assets included (With an offer accepted by sellers.) Notably, investors can anticipate an approximate 7.49% cash-on-cash return, reflecting the strong financial performance of this turnkey operation. This unprecedented opportunity in Salmon, Idaho offers the new owners the chance to become an integral part of this thriving community. This extraordinary opportunity includes four LOB's (Fuel Pumps, C-Store, Sporting Goods store and two Apartments). This business is nestled in the sought-after tourist destination of Salmon, Idaho, which is situated amidst the awe-inspiring allure of The Salmon River aka: The River of No Return and The Frank Church Wilderness, offering endless outdoor activities including hunting, fishing, white water rafting, and hiking.
Exterior Features

Construction And Status FrameExisting-Fully Updated Exterior Primary Log SidingSlate Foundation Slab Frontage 160 Overhead Doors No Roof Rolled/Hot Mop

Interior Features

Air Conditioning None Basement None Heat Source And Type ElectricForced Air Sq Ft Above Grade 5126 Sq Ft Below Grade 0

Property Features

Business Name EXXON Fuel Station/93 Outdoor Sports Covenants No Current Use RetailService BusinessOther Distressed Property Not Applicable Exclusions Personal Items Flood Plain N Handicap Access No Inclusions All inventory and equipment is included and conveys with purchase with an accepted offer by the sellers. Owner Pays Cable TVElectricityInsuranceJanitorial ServiceGrounds CareTaxesSewerSnow RemovalTrash CollectionWater Prior Use RetailService BusinessOther-See Remarks Property Type Business w/Real Estate Provider Other Info Idaho Power Sep Utilities No Sewer Public Sewer Short Term Rental YN No Tax Year 2022 Taxes 5357.70 Tenant Pays Other Terms CashConventional1031 Exchange Water Public Winter Access YN Yes Zoning General COMMERCIAL Zoning Specific NOT VERIFIED

Snake River Regional MLS logo Listing provided courtesy of The Von Sues Group: 2089933925.
© 2024 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than The Perfect Home | Keller Williams Realty East Idaho are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-04-18T19:25:19.91.
 
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The Perfect Home | Keller Williams Realty East Idaho
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