2,370 sqft

$699,000

723 Pine St, Sandpoint ID, 83864

Price per sqft$294.94

Built in1910

Property size2,370 sqft

Property typeCommercial

Overview

Active

Listed Sep 7, 2026

Updated 4 weeks ago

723 Pine Street offers an attractive opportunity to acquire an income-producing commercial investment in the heart of Sandpoint. The property features two commercially zoned buildings with NNN leases currently in place, each occupied by an established local business. Unit A is a 1,350 SF medical office with a long-term lease through July 2030 and built-in annual rent increases. Unit B is an approximately 1,000 SF commercial kitchen, providing a second income stream and versatile commercial space. The property has benefited from substantial improvements, including a major remodel in 2012, new roof in 2023, and new HVAC in 2024. Offered at $699,000, the property generates approximately $39,829 in current annualized NOI, representing a 5.70% current cap rate. With two separate commercial buildings, established local tenants, NNN income, off-street parking, recent capital improvements, and a convenient in-town Sandpoint location, 723 Pine Street combines current cash flow with long-term income growth potential. Seller finance available!

Additional information

MLS^® ID: 20262214

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Other Property Details

Taxes: $2,874
Tax Frequency: Annually
Garage: Yes

Also listed on CDAR

Listed by Matthew Erickson with SILVERCREEK REALTY GROUP
Listing Contact: 208-946-8278

The IDX display contains information sourced from the Selkirk Association of REALTORS® as of 9/26/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/26/2026 at 4:16 AM UTC