For Sale
$8,250,000

304 Americana Blvd Boise, ID 83702

61,969 SF, Mixed-Use, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 61,969 square foot industrial property, located at 304 Americana Boulevard in Boise, Idaho, presents a unique investment opportunity. The property consists of two buildings on a 1.73-acre lot, currently 100% occupied with three tenants generating a first-year net operating income (NOI) of $517,200. The property features a mix of commercial, flex, warehouse, and refrigerated/cold storage space, making it suitable for a variety of uses. Its prime location directly off the I-184 connector provides exceptional visibility and easy access to downtown Boise, Boise State University, and the rapidly developing West End. The property benefits from an active artesian well. Zoned Mx-5dd (Mixed-Use Downtown Design & Development), this asset offers significant potential for future development, including office, commercial, institutional, or residential uses within Boise's River Myrtle-Old Boise Redevelopment District. Existing leases provide income during any potential redevelopment period, with a 6-month termination clause. The seller will lease back a portion of the space until mid-2026. The Ada County property features APN R7399350437 and is offered at $8,250,000 with a triple net (NNN) lease structure. This is a rare chance to acquire a significant commercial real estate asset in a thriving Boise location.

Highlights

  • 100% occupied by three tenants, generating a first-year NOI of $517,200.
  • Active artesian well on-site.
  • Exceptional I-184 visibility and convenient access to downtown Boise, Boise State University, and the West End.
  • Prime location offers significant redevelopment potential.

Property Details for 304 Americana Blvd

Property type
Refrigeration & cold storage, Warehouses
Square Feet
61,969 SF
Buildings
2
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.6182018
Longitude
-116.2148873

FAQs

What type of property is this?
Refrigeration & cold storage - 61,969 SF, Mixed-Use, High NOI
Where is the refrigeration & cold storage located?
The property is located at 304 Americana Blvd Boise, ID.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: 100% occupied by three tenants, generating a first-year NOI of $517,200.; Active artesian well on-site.; Exceptional I-184 visibility and convenient access to downtown Boise, Boise State University, and the West End.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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304 Americana Blvd
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