1115 N 28th St - Hospitality FOR SALE


Boise, ID 83702- Veterans Park
$1,500,000 USD
208-343-6000
1115 N 28th St, Boise, ID for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/6
null | 6.67% Cap Rate

1115 N 28th St
Boise, ID 83702
Veterans Park


OVERVIEW

Welcome to the State Motel, a prime investment nestled in the heart of Boise, Idaho. Boasting a consistent track record of steady sales over the past three years, this 12-unit motel presents an enticing prospect for savvy investors. With a healthy cash flow and abundant potential, the State Motel offers a lucrative opportunity for owner-operators or developers alike. Situated in a highly sought-after location with convenient access to downtown amenities and nestled within one of Boise's premier school districts, the property holds immense promise. Explore the possibility of transformation into modern studio apartments or an assisted living residence, tapping into the growing demand for residential spaces in this thriving community. Don't miss out on this chance to capitalize on both the present success and future potential of the State Motel.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$319 USD /SF

# OF ROOMS

12

PRICE/ROOM

$125,000 {currency}

CAP RATE

6.67%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State Street Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C-2D

APN/PARCEL ID

R1754000130

ASK ABOUT THIS PROPERTY

Ravi PatelRaMa Lodging GroupMore Info
208-343-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ravi PatelRaMa Lodging GroupMore Info
208-343-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.