Skip To Content

1479 N Hwy 191

Spencer, ID 83446
  • $1,200,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 2152819
UPDATED: 30 min ago
$1,200,000
  • 0
    BEDS
  • 4.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,912
    SQFT
  • $412
    $/SQFT
Type:
Commercial
Built:
1974
County:
Area:

School Ratings & Info

Description

Venture One Properties is pleased to present Spencer Bar and Grill & RV Park, a wonderful opportunity to acquire a popular business with direct daily exposure to thousands of travelers on I-15 running through the heart of Idaho's desired camping, hunting, snowmobiling and fishing destinations. National Forest within minutes. Spencer Bar and Grill includes a 2,900 total SF with fully equipped kitchen and restaurant seating for 45 people, plus a bar that seats 9. Spencer Bar and Grill is Spencer's only eatery and RV Park and is reputable for the wonderful food. The sale of this property also includes a hard to get liquor license. All food, liquor and beer already stocked and ready to open. In addition to the turn-key restaurant and bar, the 4.93 acre property features an RV park with 20 spaces and has water, sewer and electric. New 30/20 and 50 amp services to all spots. Additional power available for further growth. New wiring, plumbing, paint, windows and deck. Additionally, there are two separate log motel rooms, as well as private living quarters that have been updated and remodeled. This business is currently reporting 60% new daily business. The RV park has a positive cash flow and is open year round for recreation. Billboard sign brings an annual income of $1800.

Monthly Payment Calculator

© 2023 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 Team One Group Real Estate 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: 2023-05-30T00:23:07.24.
www.myteamone.com/homes/137390625
Print Image

1479 N Hwy 191 Spencer, ID 83446

  • Price: $1,200,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 30 min ago
  • MLS #: 2152819
0
Beds
0
Baths
0
½ Baths
4.94
Acres
2,912
SQFT
$412
$/SQFT
1974
Built
County:
Clark
Area:
Spencer
Property Description
Venture One Properties is pleased to present Spencer Bar and Grill & RV Park, a wonderful opportunity to acquire a popular business with direct daily exposure to thousands of travelers on I-15 running through the heart of Idaho's desired camping, hunting, snowmobiling and fishing destinations. National Forest within minutes. Spencer Bar and Grill includes a 2,900 total SF with fully equipped kitchen and restaurant seating for 45 people, plus a bar that seats 9. Spencer Bar and Grill is Spencer's only eatery and RV Park and is reputable for the wonderful food. The sale of this property also includes a hard to get liquor license. All food, liquor and beer already stocked and ready to open. In addition to the turn-key restaurant and bar, the 4.93 acre property features an RV park with 20 spaces and has water, sewer and electric. New 30/20 and 50 amp services to all spots. Additional power available for further growth. New wiring, plumbing, paint, windows and deck. Additionally, there are two separate log motel rooms, as well as private living quarters that have been updated and remodeled. This business is currently reporting 60% new daily business. The RV park has a positive cash flow and is open year round for recreation. Billboard sign brings an annual income of $1800.
Exterior Features

Construction And Status Existing Exterior Primary StoneWood Siding Foundation Concrete Perimeter Landscaping Established TreesSprinkler System Full Location High TrafficInterstate Exit/Access Lot Size 215143 Overhead Doors No Parking Off StreetParking Lot Roof Metal

Interior Features

Air Conditioning None Basement Finished Heat Source And Type Gas Restrooms 2 Sq Ft Above Grade 1456 Sq Ft Below Grade 1456

Property Features

Avg Electric Per Month 400.00 Avg Gas Per Month 400.00 Avg Heat Per Month 400.00 Buildings 2 Business Name Spencer Bar And Grill Cap Rate 11.10 Covenants No Current Use BarHotel/MotelRestaurantTrailer/Rv Park Distressed Property Not Applicable Documents On File Other-See Remarks Exclusions Coke Machine Belongs To CokeCoffee Makers Belong To Farmers Brothers2 Door Coke Cooler Belongs To CokeElk Out Front Of PropertyArtwork insideMounts inside Extras Handicap AccessHigh Traffic LocationRestrooms Flood Plain N Handicap Access Yes Inclusions BusinessLiquor LicenseAll FoodBeerLiquorTurn-Key Operation2 Room MotelRv Park2900 Sf Restaurant Net Operating Income 164000.00 Owner Pays None Prior Use BarRestaurantTrailer/Rv Park Property Type Business W/Real Estate Provider Other Info Other Info-See Remarks Sep Utilities No Sewer Enhanced Septic System Short Term Rental YN No Tax Year 2021 Taxes 827.48 Tenant Pays Other Terms CashConventional Water PublicWell Winter Access YN Yes Zoning General Not Verified Zoning Specific Clark-Commercial

Snake River Regional MLS logo Listing provided courtesy of Venture One Properties: 2085427979.
© 2023 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 Team One Group Real Estate 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: 2023-05-30T00:23:07.24.
 
https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2152819-2.jpg https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2152819-2.jpg https://bt-photos.global.ssl.fastly.net/snakeriver/orig_boomver_1_2152819-2.jpg
Logo
Team One Group Real Estate
1303 12th Avenue South
Nampa ID, 83651