$1,200,000

525 Cedar St

Wallace ID, 83873

Description

Location, Location, Location....Here's your chance to own the Oldest Standing Brick Hotel in the State of Idaho, perfectly situated in the Heart of Historic Wallace! Having survived the Big Burn of 1910, it served as the Wallace Corner Lounge & Hotel throughout most of the early 1900s and has had many uses throughout the decades. It's currently operated as ''6th & Cedar'', that has a successful coffee shop and a brand new bar and lounge area true to the 1930s post Prohibition era. The Original Iconic 2nd Floor Balcony was replaced/added in 2018. The 2nd & 3rd Floors are an open canvas ready for you to make it your own personal residence with 2,500 sq. ft. on each floor, including just over 1,000 sq. ft. of Balcony Deck Space to enjoy throughout the year. Or, maybe develop the two floors into multiple units ready to rent, VRBO, or Sell. Endless potential for any creative Buyer with this spectacular property! Purchase includes the Land, Building, Operating Business, and Liquor License.

Details

MLS#21-6885
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1885
Days On Site75

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet7,500
Story(s)NA
Acreage0.06
Property ViewYes
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Area Information
StateID
CountyShoshone
CityWallace
Zip Code83873
Area12 - Silver Valley
Community NameWallace Townsite
School DistrictWallace - 393
Listing VS Median (in Wallace Townsite)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
SqFt:
7,500
low | high
Med:
7,500
50% of Average
$ / SqFt:
$160
low | high
Med:
$160
50% of Average
On Site:
75
low | high
Med:
75
100% of Average
Sourced by Back At You
Listing Updated: September 21, 2021 11:09:33 PM PDT
Owen Cotter LogoMLS Number: 21-6885
Listing Provided By:
Owen Cotter  of  Keller Williams Realty Coeur dAlene

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coeur D'Alene REALTORS Association.