This property is PENDING contingent on buyer financing. Seller is still soliciting backup offers. This is your new home AND essential business on the shores of Lake Pend Orielle in Northern Idaho. This beautiful location can be your sanctuary from the world chaos. You'll find this home to be relaxing and easy going community. There is trophy trout fishing 5 minutes after leaving your dock. Many 25+ pound Rainbow Trout have been caught and weighed in recently right at Bayside Grocery. Enjoyable quick commute to your essential grocery business right below your living space. Sitting lakefront on just under 1/2 acre, the ~2400 sqft residence is a 3 bedroom, 2.5 bath, exceptionally well renovated to the sticks back in 2008 by the previous owner. The property also includes a large two car garage with room for a shop and storage space above, and a large two stall pole building for your camper and boat and even a large chicken coop/run. Under the residence is another ~2400 sqft space that is a nice country store named Bayside Grocery to sell the eggs that your hens lay daily. Just in front of the store on the bay is ~1680 sqft of pier and floating dock giving you 2 full 40' slips and 4+ side ties to rent or use. ~1050 sqft of this dock was added in 2019. This is your chance to own an essential business (has been open year round, daily all through this covid-19 chaos), on the most beautiful lake in Northern Idaho. Get out of the crazy city and come own a dream place to live and work! Please understand that this is a beautiful lake front residence property that has a secondary income producing part. This property would be a great 1031 transfer to help you relocate the investment to a great location in a low tax state. If you're looking to find financing, this is a commercial property and you will find that your bank will require you to put down >25-30% and have another income besides the grocery businesses you are getting here. If you put down >50% this might work on the store income alone and the expected expansion of the fuel, growth of the area. Bayside Grocery is 10+ miles by water or land to the nearest store. Bayside Grocery has had solid business growth year over year, the whole area around the business has been growing significantly as the mass migration away from cities continues to beautiful Northern Idaho. The Grocery business the hub of the community, year round, though it does seasonal peak in summer around the lake. Current owner has revitalized the business and the community has responded with great sales. As an added bonus the current owner has been working for over 2 years on the plan to install fuel dispensers for boats and cars. This plan is being given to the new owner to complete. Engineering drawings have been made, but there is still some work to do. Quotes for equipment and installation are ready and the approximate cost to complete the installation is ~$150k. This would be a perfect addition to potential income for the new owner and of course the community. Business financials, fuel plans, and pictures are available upon qualified inquiries and signed NDA. Current owner uses the property as secondary income and had planned to retire here in a few more years on this income only. Unfortunately plans have changed, so it's now opportunity for the new owner to enjoy all the benefits. Listing price also includes business equipment (FF&E), 2 parcels of property total just under 1/2 acre and three businesses (Bayside Grocery, Garfield Bay Kayak Rentals, and Garfield Bay Gas), as well as the website domains, facebook page. If needed, the current owner can provide training and some general business knowledge support at the start of the new ownership. Grocery Inventory sold separately at cost after inventory at time of close. https://my.matterport.com/show/?m=Yz4jfmj7nns
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
