1217 2nd St S - Storefront Retail/Office FOR SALE


Nampa, ID 83651- Downtown Nampa
$4,240,000 USD
208-412-7763
1217 2nd St S, Nampa, ID for Sale
$4,240,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 5.69% Cap Rate

1217 2nd St S
Nampa, ID 83651
Downtown Nampa


HIGHLIGHTS

  • Unique opportunity to acquire a fully leased retail asset in the heart of Downtown Nampa, offering stable in-place income and long-term value creation
  • 100% leased multi-tenant property anchored by First Federal Bank, providing dependable income and strong tenant stability.
  • Major capital investment by First Fed Bank and Solovey Kitchen demonstrates strong tenant commitment to the property and supports long-term occupancy
  • NNN leases feature annual rent increases ranging from 2.5% to 3.5% providing consistent contractual income growth with limited landlord responsibility
  • Potential upside through below-market rent from the bank anchor and approximately 4,000 SF of currently vacant basement space.
  • Property underwent substantial remodeling in 2024, providing updated improvements and reducing near-term capital requirements.

OVERVIEW

Located in the heart of Downtown Nampa, 1217 2nd St S presents a rare opportunity to acquire a bank-anchored, multi-tenant investment offering stable in-place income with multiple avenues for long-term value creation. Priced at $4,240,000, the property generates $241,047 in current NOI and is located within a Census Tract recommended by the Governor of Idaho for Opportunity Zone 2.0 designation. The property includes 13,043 square feet of above-grade space, plus a 4,000-square-foot basement. The above-grade space was substantially remodeled in 2024 and is anchored by First Federal Bank, alongside Pub & Putt and Solovey Kitchen. Significant capital investment by First Federal Bank and Solovey Kitchen demonstrates meaningful tenant commitment to the asset, while the diversified tenant mix provides multiple income streams. All three tenants operate under NNN lease structures with contractual annual rent increases ranging from 2.5% to 3.5%, providing built-in income growth with limited landlord responsibilities. Additional upside may be available through First Federal Bank’s below-market rent and the approximately 4,000 SF basement, which may provide an opportunity for future lease-up or additional income. The property’s private on-site parking—a rare amenity in the downtown core—further elevates its appeal and accessibility. The DH zoning supports a vibrant mix of retail, office, and residential uses, with city-backed incentives available for future façade or tenant improvements.

FOR SALE DETAILS

PRICE

$4,240,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

DH

APN/PARCEL ID

1341900000,1341901000,1342000000

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208-412-7763

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208-412-7763

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