505 Virginia St, New Meadows, ID 83654

Property Description

Prime 1.385 acre commercial parcel located at the SE corner of Highway 55 and Highway 95 in downtown New Meadows, Idaho. Partially occupied by a freestanding Subway restaurant with a lease running to 2035 and an NOI of approximately $16,000/year. About 1 acre of unoccupied high visibility land is ready for your development ideas. The entire parcel has 330 feet of Highway 55 frontage. The property has been deed restricted to prohibit a gas station use. Zoning is Central Business District for City of New Meadows. The property received closure on an environmental remediation from DEQ in June of 2000.