501 4th, Sandpoint, ID 83864
Bonner County
Key Facts
Description
Rare opportunity to acquire a landmark boutique motel in the heart of downtown Sandpoint. The K2 Inn is a beloved hospitality asset steps from dining, shopping, Lake Pend Oreille, and City Beach - with Schweitzer Mountain Resort just a short drive away. The property features 19 rentable units, including a spacious 3-bedroom former innkeeper's quarters - perfect for an owner-operator or additional rental income. Eleven of the 19 units have been recently remodeled with modern amenities and kitchenettes throughout. Additional highlights include a commercial laundry facility, off-street parking, and a recently replaced roof. Zoned Commercial A, the K2 Inn offers exceptional operational flexibility and strong upside potential. Outstanding reviews across Airbnb, Google, Yelp, and TripAdvisor reflect years of consistent hospitality and a loyal repeat guest base. An irreplaceable downtown location in one of Idaho's most desirable resort communities makes this a truly turnkey opportunity.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1963
Living Area
6,436 sq ft
Lot Size
0.33 acres
Lot Dimensions
14200
Zoning
Commercial A
Days on Market
100
MLS® Listing#
26-2769
Property Features
Interior
Exterior
Heating
Basement
Parking
Fencing
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,861
Tax year 2025
Parcel Number
RPS0129019007AA
Directions
In beautiful downtown Sandpoint Idaho 501 N Fourth Ave, Corner of N Fourth Ave & Alder St
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sandpoint, ID
- $897,468
- Median Listing Price
- 70
- Median Days on Market
- 2,055
- Median Sq Ft
- $458
- Median Price / Sq Ft
- 435
- Active Listings
- This home’s price is 101% above the area median.
- Its price per sq ft is 39% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sandpoint, ID.
Location
Points of Interest in Sandpoint, ID
Showing the Sandpoint area map.
Nearby Schools
Lake Pend Oreille Alternative high school
Secondary · 0.5 mi away
Washington Elementary School
Elementary · 0.6 mi away
Valor Christian High School
Secondary · 0.8 mi away
Sandpoint Middle School
Secondary · 0.9 mi away
Lake Pend Oreille School Dist
School · 0.9 mi away
Forrest M Bird Charter Schools
Secondary · 0.9 mi away
Sandpoint High School
Secondary · 1.0 mi away
Farmin Stidwell Elementary School
Elementary · 1.0 mi away
Sandpoint Waldorf School
School · 1.2 mi away
Sandpoint Junior Academy
Elementary · 1.3 mi away
Lake Pend Oreille School District
School · 1.9 mi away
Selkirk School
School · 2.2 mi away
Kootenai Elementary School
Elementary · 2.9 mi away
Sandpoint Christian School
School · 2.9 mi away
Joanna's Pre-School
School · 5.0 mi away
Sagle Elementary School
Elementary · 5.2 mi away
Northside Elementary School
Elementary · 8.0 mi away
Southside Elementary School
Elementary · 12.4 mi away
Hope Elementary School
Elementary · 13.9 mi away
Priest River Elementary School
Elementary · 17.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 355 Olympic Drive, Sandpoint, ID | $1,275,000 | 3 | 3 | 3,000 |
| 355 Olympic, Sandpoint, ID | $1,275,000 | 3 | 3 | 3,000 |
| 266 Syringa Heights, Sandpoint, ID | $1,279,000 | 4 | 3 | 2,500 |
| 266 Syringa Heights Rd, Sandpoint, ID | $1,279,000 | 4 | 3 | 2,500 |
| 155 Crystal Springs Rd, Sandpoint, ID | $1,295,000 | 3 | 3 | 1,376 |
| 155 Crystal Springs # 401, Sandpoint, ID | $1,295,000 | 3 | 3 | 1,376 |
Moving Cost Estimate
EXIT Agents in Sandpoint
Listing Courtesy: Northwest Realty Group - 2086644200