110 W 2nd South  Soda Springs, Idaho

$2,308,500   •   11,240 sq. ft.   •   0.98 acres
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MLS #573287

Asking Price
$2,308,500
Status
ACTIVE
Location
Soda Springs
Type
Business w/Real Estate
Year Built
1955
Offices
1
Restrooms
30
Parking
32 spaces
Floor Area
11,240 sq ft
Acreage
0.98 acres
Days on Market
360 Days

 

Property Description

Famous Caribou Lodge Motel in Soda Springs and is approximately 0.98 of an acre with 2 buildings on site built approximately in 1955. The 2 buildings consist of the main building that is a main, upper, and basement each level being 3,000 sq. ft. and a 900 sq. ft. canopy for drop off and loading in the motel. The second building is one level and is approximately 2,240 sq. ft. The total above ground square footage is 8,240 but collectively with the basement that takes this to a 11,240 total square footage. Since 2017 the buildings have had extensive remodels that include: Exterior concrete steps, air conditioning, windows, all bathrooms remodeled, flooring, ceiling drywall, paint, doors, lighting, and other improvements. In the basement there are 11 additional rooms (6) without individual restrooms. These all have queen beds and there is also 3 new bathrooms in the basement area that these rooms share. This property is 100% occupied in the summer months from May to October and 30-50% occupied the rest of the year. Some units are bigger with kitchens but most are just a room with a bathroom. All total there are 36 rooms counting the additional 6 bedrooms in the basement

 

Property Features

Improvements

# of Buildings:  2
# of Stories:  2
# of Offices:  1
# of Restrooms:  30
# of Parking Spaces:  32
Overhead Doors: 
# of Overhead Doors: 
Extras:  Common Area, Restrooms

Dimensions

Ceiling Height: 
Door Height: 
Above Grade Sq Ft:  8,240 sq ft
Below Grade Sq Ft:  3,000 sq ft
TOTAL Sq Ft:  11,240 sq ft

Construction

Year Built:  1955
Builder: 
Construction Status:  Existing
Construction Style:  Frame
Roof: 
Exterior–Finish: 
Exterior–Accent: 
Foundation: 
% Basement Finished:  95

Utilities

Separate Utilities: 
Primary Heat Source:  Gas
Primary Heat Type:  Other
A/C Type:  Other - See Remarks
Electric Type: 
Electricity Provided By: 
Average Electric: 
Avg Non-Electric Heat: 
Avg Water/Sewer/Gas: 

Use

Current Use:  Hotel/Motel
Prior Use:  Hotel/Motel
Possible Use:  Hotel/Motel

Lot

Acreage:  0.98 acres
Lot Dimensions: 
Location:  High Traffic, High Visibility
Topography/Setting:  Flat
Landscaping: 
Domestic Water:  City/Public Water
Sewer Type:  City Sewer
Subdivision: 
Parcel:  01000025001A
Zoning–City:  Commercial General
Zoning–County:  Com General

Rent

Monthly Rent: 
Rent Per Square Foot: 
Rent Per SQFT per Year: 
Owner Pays: 
Tenant Pays: 
Assoc Fee Includes:  None

Financial

Property Tax:  $4,394.18 (2022)
Real Property Tax:  $4,394.18
Personal Property Tax: 
Annual Insurance: 
Cap Rate:  $83,201.00
Other Expenses: 
Effective Age: 
Terms:  Cash, Conventional
Agent Owned?  No

 

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Disclaimer

This IDX listing is provided courtesy of Premier Properties for personal, non-commercial use only. Information is deemed reliable but is not guaranteed to be accurate.