For Sale
$1,350,000

22387 Blessinger RdStar, ID 83669

High-yield retail property with dual income streams.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity in Star, Idaho, presents a unique blend of immediate income and future development potential. Located at 22387 Blessinger Rd, this 4.99-acre property boasts a prime corner location and is designated as commercial within Middleton/Star's comprehensive plans. Currently generating income from two existing single-family homes, the property offers a modified lease with a remaining term of one year and 100% occupancy. The combined square footage of the existing structures falls within the 2,500 to 3,000 square foot range. The asking price is $1,350,000, representing a compelling 6.00% cap rate. The property also includes ample parking with five spaces available. This presents a rare chance to acquire a high-yield asset while simultaneously exploring future development options within a thriving community. The dual income streams provide immediate cash flow, mitigating risk and maximizing return on investment. Don't miss this chance to secure a valuable piece of Idaho real estate with significant upside potential. The property is situated in Canyon County, Idaho, with a zip code of 83669.

Highlights

  • Exceptional investment opportunity in Star, ID, offering immediate income and future development potential.
  • 4.99-acre corner lot at 22387 Blessinger Rd, commercially zoned.
  • Currently generating income from two single-family homes (2,500-3,000 sq ft total) under a modified one-year lease, 100% occupied.
  • Asking price: $1,350,000, 6.00% cap rate.
  • Five parking spaces available.

Property Details for 22387 Blessinger Rd

Property type
Retail properties
Square Feet
2,500 SF
Lot Size (sq. ft)
217,364 SF

Location Insight

City
Star
County
Canyon
State
Idaho
Latitude
43.697682
Longitude
-116.533591
22387 Blessinger Rd, Star, Idaho

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22387 Blessinger Rd
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