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6249 West Maine Street
Spirit Lake, ID 83869
Asking Price
$1.55M
Cap Rate
6%
Asset Type
Restaurant Retail
Class
Class B
What's Special
One of the first buildings built in Historic Spirit Lake Idaho <h4><strong style="color: rgba(60, 60, 60, 1)">THE "MERC" BUILDING</strong></h4><p><span style="color: rgba(60, 60, 60, 1)">Historic, fully leased, two story commercial building in the heart of Spirit Lake. ''The Merc'' has been fully renovated in recent years including upgrades to the HVAC, plumbing, electrical, and mechanical systems. The street level, restaurant space has a commercial kitchen, and the adjacent suite is a well finished bar/retail space. The second floor has several office and
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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.59%
Monthly Payment
$7,668.554
Annual Cash Flow
$-12,022.651
