Description
Prime mixed-use investment opportunity in downtown Rexburg, just steps from BYU-Idaho.This 3-story building features a strong income-producing setup with a main-level commercial space (approx. 1,800 SF) leased to an established caf?/restaurant, plus 4 fully rented residential units.Proven performance with consistent occupancy and no vacancy for over 20 years. Multiple income streams from commercial and residential units, plus shared coin-operated laundry.Main floor remodeled in 2024 with updated electrical, plumbing, and modern finishes. Recent updated HVAC a few years ago. Roof reviewed and in overall good condition with minor maintenance noted.Some interior improvements in progress, including drywall updates and unit refresh. Contractor bids available upon request.Value-add opportunity with potential to increase rents. Zoned CBD allowing for a variety of commercial uses. Basement space included for storage and mechanical use.Rent roll available upon request. Price recently adjusted to encourage a sale.Do not disturb tenants or business. Showings by appointment only. Buyer to verify all information.
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4BEDS
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0.06ACRES
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6BATHS
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21/2 BATHS
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7,200SQFT
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$96$/SQFT
School Information
Description
Prime mixed-use investment opportunity in downtown Rexburg, just steps from BYU-Idaho.This 3-story building features a strong income-producing setup with a main-level commercial space (approx. 1,800 SF) leased to an established caf?/restaurant, plus 4 fully rented residential units.Proven performance with consistent occupancy and no vacancy for over 20 years. Multiple income streams from commercial and residential units, plus shared coin-operated laundry.Main floor remodeled in 2024 with updated electrical, plumbing, and modern finishes. Recent updated HVAC a few years ago. Roof reviewed and in overall good condition with minor maintenance noted.Some interior improvements in progress, including drywall updates and unit refresh. Contractor bids available upon request.Value-add opportunity with potential to increase rents. Zoned CBD allowing for a variety of commercial uses. Basement space included for storage and mechanical use.Rent roll available upon request. Price recently adjusted to encourage a sale.Do not disturb tenants or business. Showings by appointment only. Buyer to verify all information.
Listing provided courtesy of Silvercreek Realty Group: 2085236111.