8707 State StBoise, ID 83714

Property Details for 8707 State St

Year built

2000

Lot size

2.12 AC

Property size (Sq ft)

12,000 SF

Zone code

C-2

Property type

Commercial real estate

APN

R8123251931

APU

R8123251931

Description

This single-story, 11,445 square-foot shopping center in Boise, Idaho, is situated on a 2.12-acre lot and offers a compelling value-add investment opportunity. Priced at $2,815,000 with a 6.75% cap rate, the property boasts a prime location on West State Street, experiencing 36,000 AADT. The C-2 zoning allows for diverse commercial uses, and the existing tenant mix includes Strive Academy, Brave Brazilian Jiu-Jitsu, and FIT4EVER. The flexible building layout features a roll-up door on an end cap unit, with potential for additional garage doors in the back, enhancing adaptability for various tenants. Ample parking and excellent accessibility are key features. The property's strategic location is surrounded by new multifamily developments, indicating significant potential for future rent growth. Furthermore, the excess land presents a valuable opportunity for expansion, potentially into mixed-use or multifamily residential development. This investment combines the stability of strong existing tenants with the upside potential of a thriving location and expandable land. The property's APN is R8123251931.

Location Insight

City

Boise

County

Ada

State

Idaho

Latitude

43.6752

Longitude

-116.295

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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