515 S 1ST Ave, Hailey, ID 83333

$870,000
Property Type: Commercial For Sale Bedrooms: 2 Baths: 1 Square Footage: 1,032 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $870,000 List Date: 1/03/2026 Last Modified: 3/05/2026

Description

Transitional Zoning. Ideal for professional offices, or a residence, or both. Oversized garage and space for an additional building ADU. Or, start new with a multi-family building. Basement could be converted to additional living or work space. Large quarter-acre. Lots of parking. Mature landscaping. Spacious buffer from neighbors.

Supplements: Alley access. Transitional Zoning uses include: - Accessory Dwelling Units (ADUs) - Cottage Developments or Dwelling Units - Mixed-Use Developments - Multi-Family Developments - Single-Family Dwellings - Tiny Homes on Wheels - Community Centers - Government Offices - Healthcare and Medical Services - Performing Arts Centers - Religious Institutions - Schools & Day Care Centers - Social Services - Food Preparation for off-site catering, dining, and retail trade - Health and Fitness Facilities - Lodging: Bed and Breakfast, Boarding and Rooming Houses - Offices, Retail, Personal Services - Residential Care Facilities - Garages Lot and Location Set on a generous quarter-acre lot, this property boasts mature trees and landscaping that provide a spacious buffer from neighbors, enhancing your privacy. Convenience is at hand with alley access, and walkable to everything in town. The transitional zoning offers flexibility for residential use or low-traffic business opportunities, such as professional offices, while maintaining the charm of a residential neighborhood. There's also room for an accessory dwelling unit, perfect for guests or additional rental income. - Quarter-acre parcel - Room for an Accessory Dwelling Unit - Beautiful lot with mature trees - Buffered from neighbors - Alley access - Across from Hailey Elementary - Transitional Zoning allowing for residential, and development that maintains a residential feel Garage and Parking The oversized garage, measuring 816 square feet, is finished and insulated, featuring three windows that illuminate the space. Accessible through both a man door and two overhead doors, the garage is equipped with a gas forced air furnace, providing comfort in colder months. An expansive driveway and ample parking in front of the home cater to your vehicle needs and guests. - Oversized 816 SF - Three windows, man door and 2 over head doors - Gas forced air furnace - Finished, Insulated - Metal roof - Plenty of parking in driveway and in front of home Home Features The large entryway welcomes you into an ample and cozy living space, an ample living room, and two rooms that could be for living or professional offices. The spacious kitchen offers stainless steel appliances, including a 5-burner gas oven/range (about four years new). The basement serves as a utility hub, housing the laundry area, a gas forced air furnace (approximately 10 years new), and plenty of storage for all your belongings. Stay comfortable year-round with an air conditioning system (about 10 years new). Additionally, a gas water heater and Ecobee smart thermostat ensure efficient energy management. - 2-bedrooms, 1-bathroom, entry, kitchen - Basement offers laundry, mechanical, lots of storage - Gas Forced Air furnace approx. 10 years new - Air Conditioning approx. 10 years new - Stainless appliances, including 5-burner gas oven/range approx. 4 years new - Washer / Dryer approx. 4 years new - Gas water heater - Extra insulation in interior walls for privacy - Ecobee smart thermostat

More Information MLS# 26-333984

Location Tax and Misc

Current Price: $870,000 Area: Hailey Street Number: 515 Street Direction Pfx: S Street Name: 1ST Street Suffix: Ave State/Province: ID Zip Code: 83333 County: Blaine Subdivision: Hailey Townsite Assessor's Parcel #: RPH0000009006A List Price: $870,000

Lot Acreage Info

Parcel SqFt Apx: 10890

General Property Description

Bedrooms: 2 Baths: 1 SqFt - Building: 1032 SF Garage: 816 SqFt Per: Assessor Commercial Type: Improved Waterfront if Appcbl: No Geo Lat: 43.515546 Geo Lon: -114.311177

Contract Info

Status: Active List Date: 2025-11-29 Concession Negotiable: No Directions: Located between E Elm and E Chestnut across from Hailey Elementary School.

Status Change Info

Realtor.com: Commercial

Property Features

Zoning: H/GR; Other Driveway: Asphalt Road Surface: Paved Road Access: Public Water: City Connected Sewer: City Connected Power: Electrical Basement: Partial Garage: 4+ Car; Detached; Extra Storage; Finished; Heated; Insulated Items Included: Dishwasher; Oven - Gas; Range - Gas; W/D Hookups Heat: EBB; GFA Water Heater: Electric Construction Type: 1 Story Exterior Finish: Wood Roof: Architectural Asphlt; Metal Building Type: Office; Residential; Warehouse Documents: Plat Other Disclosures: Lead Base Paint Amenities: Air Conditioning Terms: Cash; New Loan
Listing Office: Windermere Real Estate - SV
Listing Agent: Anna Mathieu
Last Updated: March - 05 - 2026
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