Third and Little Commercial Property

Driggs, ID 83422

For Sale: $2,973,000

11,295 sq ft
Lot 1.27 acres
Property Tax: $12,318/year

Property Description

The Third & Little income producing commercial property is located on Ski Hill Road (Little Ave), on the way to Grand Targhee, in the heart of the growing town of Driggs, ID. The property features two separate two-story buildings, with a total of 11,295 square feet of leasable space, a 2,112 square foot 5-bedroom, 2-bath, home, a building site complete with a poured foundation ready for expansion and plenty of on-site parking. The property is zoned NX- Neighborhood Mixed use, allowing small scale service establishments and residential uses.

285 E. Little Avenue  Anchored by two well established businesses, this 7,935 leasable square foot building was constructed in 2007 and is fully leased. The building has two main entrances, one accessible from Little Avenue and the other from Third Street. The two-story building is divided into several tenant spaces. A restaurant occupies a portion of the first level and the entire basement allocated to prep-kitchen, storage area and restaurant employee workout area. Additionally, the restaurant has exclusive use of one-half of the patio area for customer overflow in summer months. The remainder of the first floor is occupied by a physical therapist. The second floor is leased to four tenants.

275 E. Little Ave This 3,360 leasable square foot building was constructed in 2005 and is, also, fully leased. The building is configured with two tenant spaces on the first floor and three tenant spaces on the second floor. The main floor has recently been configured into one-space allowing for a tenant’s business expansion.

265 E. Little Avenue Sited to the west of the above mentioned commercial buildings, this 2,112 square foot 5-bedroom, 2-bathroom home was constructed in 1975 and sits on a 0.19 +/- acre building site along Little Avenue. Currently used as a long term residential rental property, the vision for this property was to expand the commercial footprint of the development with a structure similar to the existing two buildings and additional off street parking.

40 N Third Street This 0.27-acre site is improved with a concrete foundation designed for a 12,571 gross square foot commercial building. The site has been reviewed by a structural engineer and the foundation is deemed sound for construction. The sellers general architectural plans are available to the buyer of Third & Little.

Vacant Building Site While there are no improvements on this 0.22 +/- acre site, it is a key ingredient for the expansion/construction of the 40 N Third Street property, as it will provide the needed off-street parking for this building.


Fully Leased
High Traffic Area
Residential Income
Consistent Rental History
Off-street Parking

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285 E. Little Ave Virtual Tour
275 E. Little Ave Virtual Tour
265 E. Little Ave. Virtual Tour
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