1115 N 28th St - Hospitality FOR SALE


Boise, ID 83702- Veterans Park
$1,500,000 USD
714-507-8826
1115 N 28th St, Boise, ID for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1115 N 28th St
Boise, ID 83702
Veterans Park


HIGHLIGHTS

  • 12 fully operational motel rooms generating consistent revenue, Solid occupancy – Established customer base and repeat business
  • Low-maintenance operation – Owner/operator friendly with established management systems
  • MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
  • Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
  • 4+ story development feasible – Allows vertical density to maximize land value and ROI
  • Downtown proximity – Walking distance to employment, retail, dining, and entertainment

OVERVIEW

Exceptional mixed-use development opportunity in one of Boise's most strategic locations. The State Street Motel combines immediate income-producing assets with significant redevelopment potential under MX-3 Active Mixed-Use zoning. This 12-unit, ±4,700 square foot hospitality property offers investors and developers the rare combination of stable current operations and transformative long-term upside. Located just steps from downtown Boise on the highly bikeable State Street corridor (Bike Score: 86), this property capitalizes on Boise's thriving tourism market, residential growth, and transit-oriented development initiatives. - 12 fully operational motel rooms generating consistent revenue - Solid occupancy – Established customer base and repeat business - Low-maintenance operation – Owner/operator friendly with established management systems - Amenities – High-speed WiFi, public access, smoke-free rooms, kitchenettes available Redevelopment Opportunity: - MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses - Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality - Transit-oriented development – Located on Boise's Best-in-Class Transit Route (State Street corridor) - 4+ story development feasible – Allows vertical density to maximize land value and ROI - Downtown proximity – Walking distance to employment, retail, dining, and entertainment - Established infrastructure – Water, sewer, utilities already in place

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$319 USD /SF

# OF ROOMS

12

PRICE/ROOM

$125,000 {currency}

CAP RATE

Request Cap Rate

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

ZC-243

APN/PARCEL ID

R1754000130

ASK ABOUT THIS PROPERTY

Anmoll RattanNAI SelectMore Info
714-507-8826

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Anmoll RattanNAI SelectMore Info
714-507-8826

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