For Sale
$3,200,000

1216 Stocks AveRexburg, ID 83440

Two office buildings, high income, great location.

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity presents two well-maintained office buildings situated in a prime Rexburg, Idaho location, experiencing significant growth. The larger building, located at 1216 Stocks Avenue, boasts 14 offices, three conference rooms, five restrooms, two spacious reception areas, a kitchen, and an elevator (requiring service). Currently operating as a call center with approximately 117 employees, this building offers adaptable floor plans suitable for various businesses. The smaller building, at 1190 Stocks Avenue, comprises six offices, three large call center rooms, four restrooms (two per level), a reception area, and a break room/kitchen. It currently houses a real estate office and a call center. Both buildings are constructed of durable brick, feature granite restrooms, and utilize gas heating and air conditioning. They are network-ready and share a substantial off-street parking lot. The combined monthly income from both properties is approximately $16,000, representing a 6% capitalization rate. The property sits conveniently near a Walmart Supercenter and is close to planned developments including a Wendy's and car wash, as well as a future temple. This is a rare chance to acquire a high-performing, multi-building commercial property in a thriving area. The 0.4-acre lot provides ample space and potential for future expansion.

Property Details for 1216 Stocks Ave

Property type
Year Built
2006
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Rexburg
County
Madison County
State
Idaho
Latitude
43.85099
Longitude
-111.7757
1216 Stocks Ave, Rexburg, Idaho

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1216 Stocks Ave
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