1115 Cole RdBoise, ID 83704

Property Details for 1115 Cole Rd

Year built

1920

Lot size

0.53 AC

Property size (Sq ft)

4,997 SF

Zone code

L-OD

Property type

Commercial real estate

APN

S1112141978

APU

S1112141978

Description

This exceptional 4,997 square foot retail storefront, located at 1115 N. Cole Rd., Boise, ID 83704, presents a compelling investment opportunity. Built in 1920, this two-story building sits on a 0.525-acre lot and is zoned MX-3. Currently configured as a salon, the property offers a versatile floor plan adaptable to various business uses. Its prime location offers excellent visibility and accessibility, situated just one minute from Boise Towne Square Mall, numerous shopping centers, restaurants, and other amenities. The property benefits from ample parking and a well-designed layout for efficient space utilization. The asking price is $1,200,000, translating to $240.14 per square foot. Its proximity to the I-184 on-ramp (a short 4-minute drive) ensures convenient access for customers and employees. This property is ideal for owner-occupants seeking a high-traffic location or investors looking for a strong rental income stream. The building's solid construction and desirable location make it a rare find in the Boise market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $968,870

  6.5%

  $894,342

  7%

  $830,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,065,410

  Geo Method

  $1,065,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,668,640

  Retail / Commercial

  $873,704

  Mixed-Use / Specialty

  $884,798

  Hospitality / Lodging

  $667,648

  Office

  $894,342

  Institutional / Educational

  $924,912

  Residential Income

  $1,082,150

  Multifamily

  $1,219,100

  Automotive / Energy

  $792,782

  Parking / Income-Based Land

  $259,541

  Restaurant / Food Service

  $490,516

  Healthcare / Senior Housing

  $892,772

Location Insight

City

Boise

County

Ada

State

Idaho

Latitude

43.6152

Longitude

-116.275

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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