1500 N Locust Grove Rd - Freestanding FOR SALE


Meridian, ID 83642- Northeast Meridian
$2,400,000 USD
208-999-1743
1500 N Locust Grove Rd, Meridian, ID for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/5
null | 5.96% Cap Rate

1500 N Locust Grove Rd
Meridian, ID 83642
Northeast Meridian


HIGHLIGHTS

  • Prime retail investment opportunity in the heart of Meridian
  • Excellent visibility and access with strong daily traffic counts
  • Good tenant mix with a proven history of occupancy and leasing success
  • Ample parking and convenient ingress/egress for customers and tenants
  • *Financials available upon request

OVERVIEW

Lee & Associates is pleased to present a premier retail investment opportunity in one of the Treasure Valley’s most visible and heavily trafficked commercial corridors. Located at the signalized intersection of Locust Grove Road and Fairview Avenue, the property offers excellent visibility, easy access, and strong daily traffic counts. The center is anchored by a strong retail environment, adjacent to D&B Supply and directly across from Fred Meyer, generating consistent customer traffic and supporting tenant success. A diverse tenant mix, stable occupancy history, and proven leasing performance provide a reliable income stream and long-term investment stability. Just one mile from Eagle Road and The Village at Meridian, the property is surrounded by established neighborhoods, growing residential communities, and a thriving commercial base. Its prime location, strong market fundamentals, and proven operating history make this an attractive opportunity for investors seeking a well-positioned retail asset.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

5.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops on the Grove

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C-G

APN/PARCEL ID

R7104253321

ASK ABOUT THIS PROPERTY

Michael Bergmann, SIORLee & Associates Idaho LLCMore Info
208-999-1743

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Michael Bergmann, SIORLee & Associates Idaho LLCMore Info
208-999-1743

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