2401 Main StBoise, ID 83702

  • Other commercial real estate
  • 21,420 SF
For Sale

Property Details for 2401 Main St

Year built
1948
Lot size
0.49 AC
Property size (Sq ft)
21,420 SF
Zone code
C-5DD
Property type
Other commercial real estate
APN
R2734252080
APU
R2734252080

Description

This exceptional 1.02-acre (or a 0.35-acre corner lot) property, located at 2401 W Main St in Boise, Idaho (zip code 83702), presents a unique investment opportunity. Situated in the heart of downtown Boise, this site boasts prominent frontage on three major streets and enjoys a highly desirable MX-5 zoning designation. The location offers unparalleled visibility and accessibility, with immediate proximity to established businesses such as McDonald's, the new College of Western Idaho campus, and St. Luke's. The property comprises three contiguous parcels, providing flexibility for a variety of development scenarios. Permitted uses include retail, multifamily, office, medical, and apartment buildings, with no building height restrictions. Boise City and Ada County services are readily available. This prime location offers developers the chance to create a landmark project in a thriving urban environment. The property's versatility and strategic location make it an ideal investment for those seeking significant returns in a rapidly growing market. The potential for mixed-use development allows for a diverse range of possibilities, catering to the needs of a dynamic community. This is a rare opportunity to acquire a substantial parcel of land in a highly sought-after area of Boise.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,387,556
    Hospitality
    $3,102,983
    Educational
    $2,581,646
    Medical
    $2,670,432
    Retail
    $4,015,893
2401 Main St, Boise, Idaho

Location Insight

City
Boise
County
Ada
State
Idaho
Latitude
43.6215
Longitude
-116.22
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
$7,457
$554,900
$467,800
$1,022,700
-
$554,900
$467,800
$1,022,700

FAQs

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