408 43Rd StGarden City, ID 83714

  • Other commercial real estate
  • 92,243 SF
For Lease
$24/SF/YR View listing

Property Details for 408 43Rd St

Year built
2022
Lot size
2.05 AC
Property size (Sq ft)
92,243 SF
Zone code
R-3
Property type
Other commercial real estate
APN
R2734521585
APU
R2734521585

Description

This exceptional Class A mixed-use retail property, located at 408 E 43rd St, Garden City, ID 83714, presents a unique investment opportunity. The River at Parkway Station boasts a total of 113,989 square feet within a single, four-story building constructed in 2023. The property sits on a 2.048-acre lot (998 sq ft) and is zoned R-3. Currently, 1,996 square feet of vacant space is available, divisible into units as small as 998 square feet, with a maximum contiguous space of 1,996 square feet. The building features only two suites, offering potential for a variety of uses. Situated at the hard corner of Adams St. and 43rd St. in Garden City's Parkway Station, this location offers high visibility and accessibility. The property benefits from its proximity to the Boise River and the possibility of outdoor seating for restaurant tenants. Spaces are delivered in vanilla shell condition, with tenant improvement negotiations available. This rapidly developing area of the Boise Valley is poised for significant growth, with over 1,000 new residences planned nearby, providing a substantial customer base for retail tenants. A multi-story parking garage is conveniently located directly behind the retail suites, ensuring ample parking for customers and employees. The property's APN is R2734521585. This is a rare chance to secure a prominent position in a thriving Garden City location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,514,268
    Hospitality
    $19,706,954
    Educational
    $16,395,954
    Medical
    $16,959,836
    Retail
    $25,504,818
408 43Rd St, Garden City, Idaho

Location Insight

City
Garden City
County
Ada
State
Idaho
Latitude
43.6364
Longitude
-116.249
CBSA code
14260
CBSA name
BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,932
$1,927,000
$6,300,000
$8,227,000
-
$1,927,000
$6,300,000
$8,227,000

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