1314 W Grove St - Hospitality FOR SALE


Boise, ID 83702- Downtown Boise
$6,250,000 USD
208-841-8320
1314 W Grove St, Boise, ID for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/20
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1314 W Grove St
Boise, ID 83702
Downtown Boise


OVERVIEW

The Modern Hotel + Bar is a rare opportunity to acquire one of downtown Boise’s most recognizable independent hospitality assets, located in the heart of the Linen District wihtin Boise’s urban core. Originally built in 1961 and thoughtfully redeveloped from a former Travelodge into The Modern in 2006, the property includes 39 well-designed hotel rooms, a full-service restaurant and bar, an outdoor courtyard, 24 off-street parking spaces, and approximately 0.56 acres. The hotel has built a strong identity around community, the arts, and authenticity, attracting both visitors and locals who value a unique downtown Boise experience over a standard chain hotel.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$248 USD /SF

# OF ROOMS

39

PRICE/ROOM

$160,256 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Modern Hotel + Bar

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

1961

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

MX-5

APN/PARCEL ID

R1013007481

ASK ABOUT THIS PROPERTY

Jay StoryStory Commercial LLCMore Info
208-841-8320

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Jay StoryStory Commercial LLCMore Info
208-841-8320

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