11521 Fairview AveBoise, ID 83713

  • Commercial real estate
  • 8,006 SF
For Sale
$2,000,000 View listing

Property Details for 11521 Fairview Ave

Year built
1948
Lot size
0.58 AC
Property size (Sq ft)
8,006 SF
Zone code
C-2D
Property type
Commercial real estate
APN
R2024607570
APU
R2024607570

Description

This exceptional commercial property, located at 11521 W Fairview Ave, Boise, ID, presents a lucrative investment opportunity. The 0.58-acre lot boasts 106.85 feet of frontage on Fairview Avenue, providing excellent visibility and accessibility. The property encompasses a total of 10,199 square feet and includes four distinct units, offering a versatile mix of commercial space. Three of the four units are currently leased, generating immediate rental income. Unit #2 is available on a month-to-month basis, presenting an opportunity for immediate occupancy or lease renegotiation. The property's layout incorporates three separate shop spaces, along with dedicated retail and office areas, catering to a diverse range of potential tenants. The existing lease agreements contribute to a strong cash flow, while the vacant unit offers significant upside potential for increased revenue. This property is ideally suited for an investor seeking a well-established, income-producing asset with room for growth in a thriving Boise market. The combination of established tenants, versatile space, and prime location makes this a truly exceptional investment opportunity. The property's size and configuration provide flexibility for a variety of commercial uses, ensuring long-term value and potential for appreciation. Don't miss this chance to acquire a high-performing commercial property in a desirable Boise location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,567,739
    Hospitality
    $1,436,040
    Educational
    $1,194,768
    Medical
    $1,235,858
    Retail
    $1,858,529

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.619
Longitude
-116.327
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
2022
$6,003
$304,700
$1,061,700
$1,366,400
-
$304,700
$1,061,700
$1,366,400

FAQs

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