1550 Cloverdale RdBoise, ID 83709

For Sale
$2,500,000
12,014 SF Multi-Tenant Office Building

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional three-story, 12,014 square foot office building, constructed in 2014, presents a compelling investment opportunity in Boise, Idaho. Located at 1550 S. Cloverdale Rd., this property sits on a 1.26-acre lot (APN S1115336302) and is zoned MX-1. The building boasts ample on-site parking and benefits from a high-traffic location on the Overland corridor, near numerous amenities including Eagles Landing Development, Top Golf, and Edwards Cinema. With multiple executive suites and short-term leases, there's significant potential for future rent increases and re-tenanting to maximize returns. The asking price is $2,500,000, substantially below replacement cost. The property's excellent visibility and accessibility, combined with the potential for owner-user occupancy, make it a highly desirable asset. Daily traffic counts exceed 24,596 vehicles. This multi-tenant office building offers a diverse investment opportunity with strong upside potential. The property features a single building with a traditional office subtype.

Highlights

  • Priced substantially below replacement cost.
  • Ample on-site parking.
  • High traffic location with 24,596 vehicles per day.
  • Significant upside potential through future rent increases.
  • Excellent visibility and accessibility.
  • Potential for owner-user occupancy.

Property Details for 1550 Cloverdale Rd

Property type
Office properties
Square Feet
12,014 SF
Year Built
2014
Buildings
1
Stories
3
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.590867118567
Longitude
-116.33423758264
1550 Cloverdale Rd, Boise, Idaho

FAQs

What type of property is this?
Office property - 12,014 SF Multi-Tenant Office Building
Where is the office property located?
The property is located at 1550 Cloverdale Rd Boise, ID.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Priced substantially below replacement cost.; Ample on-site parking.; High traffic location with 24,596 vehicles per day.
How can I contact the broker?
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1550 Cloverdale Rd
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