2490 Cloverdale RdBoise, ID 83709

Property Details for 2490 Cloverdale Rd

Year built

2005

Lot size

0.91 AC

Property size (Sq ft)

4,192 SF

Zone code

R-1C

Property type

Commercial real estate

APN

S1122325852

APU

S1122325852

Description

This exceptional investment opportunity presents a 4,192 square foot learning center situated on a 0.91-acre lot at 2490 S Cloverdale Rd, Boise, ID. The property boasts a proven track record, having operated successfully since 2005 with a new operator commencing in 2023. This recession-proof business model provides a reliable, long-term asset and tenant, secured by a lease agreement that includes annual 2% rent increases. The strategic location adjacent to Pepper Ridge Elementary School benefits from the significant new home development currently underway in the immediate vicinity, promising continued growth and high demand. The current lease offers the tenant five 5-year extension options, providing substantial long-term security for the investor. The asking price for this turnkey investment property is $2,600,000. This presents a rare opportunity to acquire a stable, high-performing asset in a rapidly expanding Boise neighborhood, offering significant potential for appreciation and consistent cash flow. The property's size, location, and established tenant combine to create a compelling investment proposition with substantial long-term growth prospects. The existing business model and lease terms provide a strong foundation for a secure and profitable investment.

• Alternative Use

  Use

  Valuation

  Residential

  $963,171

  Hospitality

  $882,259

  Educational

  $734,029

  Medical

  $759,274

  Retail

  $1,141,823

Location Insight

City

Boise

County

Ada

State

Idaho

Latitude

43.5807

Longitude

-116.334

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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