4 Gannett RdBellevue, ID 83313

This exceptional 6,000-square-foot industrial property, located at 4 Gannett Rd, Bellevue, ID 83313, presents a compelling investment opportunity for owner-users or investors. The Class C building, constructed in 1992 and renovated in 1999, sits on a 0.56-acre lot and features one single-story building with four units currently occupied at 100% capacity. Currently configured as three separate tenancies, each with a one-year lease (commencing November 15, 2023, and expiring November 15, 2024), this property offers flexibility for future use. The property boasts 21 parking spaces and features 14' high by 12' wide overhead doors, ideal for various industrial uses. Zoned for light industrial use, this property benefits from its strategic location at the south end of Bellevue, at the corner of Main St/Hwy 75 and Gannett Rd. The oversized lot provides ample space for parking and/or storage. The asking price is $1,750,000 ($291.67/sq ft and $437,500/unit). Note that the Idaho Transportation Department is considering re-orienting Gannett Rd, which may result in additional land allocated to this property. This multi-tenant property with short-term leases and long-time tenants presents a rare opportunity in a market with low industrial space inventory. The property is offered fee simple.