For Sale
$890,000

1011 Williams StBoise, ID 83706

Prime Downtown Location, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional 3,925 square foot storefront, formerly South Boise Fire Station #3, presents a compelling investment opportunity. Built in 1910 and designed in the bungalow style by the architects of the Idaho State Capitol, this architecturally significant brick building boasts a prime downtown Boise location on W Williams St, near Broadway and Boise Avenues, across from Hofgarten Park. Currently fully leased as office and retail space (including a flower shop and salon), the property offers a strong net operating income (NOI) of $53,282 and a 5.99% cap rate at an asking price of $890,000 ($226.75/sq ft). The C-2D zoning allows for flexible use. Ample parking is available, including dedicated parking and unrestricted street parking. This property is not subject to historical district requirements but is eligible for a federal rehabilitation tax credit program, adding further investment potential. Its convenient location and strong tenant base make this a truly unique and attractive investment opportunity in the heart of Boise, Idaho. Don't miss the chance to own a piece of Boise's history.

Highlights

  • $890,000 asking price for this 3,925 square foot storefront.
  • Prime downtown Boise location at 1011 W Williams St, near Broadway and Boise Avenues.
  • 5.99% cap rate with a $53,282 NOI.
  • C-2D zoning, currently leased as office and retail space.
  • Built in 1910, this historic building offers dedicated parking and ample street parking.

Property Details for 1011 Williams St

Property type
Retail properties, Retail space
Square Feet
3,925 SF
Year Built
1910

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.5906124
Longitude
-116.194416
1011 Williams St, Boise, Idaho

FAQs

What type of property is this?
Retail property - Prime Downtown Location, High NOI
Where is the retail property located?
The property is located at 1011 Williams St Boise, ID.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: $890,000 asking price for this 3,925 square foot storefront.; Prime downtown Boise location at 1011 W Williams St, near Broadway and Boise Avenues.; 5.99% cap rate with a $53,282 NOI.
How can I contact the broker?
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1011 Williams St
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