1575 S Meridian Rd - Hospitality FOR SALE


Meridian, ID 83642- Southwest Meridian
$7,550,000 USD
208-938-3818
1575 S Meridian Rd, Meridian, ID for Sale
$7,550,000 USD
Hospitality - FOR SALE
1/68
null | Request Cap Rate

1575 S Meridian Rd
Meridian, ID 83642
Southwest Meridian


HIGHLIGHTS

  • Performing hospitality investment, offering 81 guest rooms including 21 king suites with kitchenettes.
  • Highly Visibility from I-84 interstate with over 128,000 vehicles per day (2015 data)
  • Conveniently located next to regional attractions Roaring Springs Waterpark and Wahooz Family Fun Zone.
  • Amenities include free hot breakfast, outdoor pool and guest laundry.
  • Excellent location just 13 minutes from the Boise Airport, 16 minutes to both Downtown Boise and Boise State University.

OVERVIEW

Property Investment Idaho is pleased to present this 81 room Choice Brand Hotel offering an excellent opportunity to acquire a performing hospitality investment at Meridian's most prominent interstate interchange. Strategically positioned at the Meridian Road exit of I-84 with exceptional freeway visibility, this 32,024-square-foot hotel assemblage offers investors multiple repositioning strategies across two distinct buildings, each sitting on its own lot with separate legal descriptions. With 128,000 vehicles per day (2015 data) passing this high-visibility corridor, the property benefits from extraordinary exposure serving Idaho's fastest-growing city and the greater Boise Valley metropolitan area. The portfolio's flexible structure supports diverse investment strategies from continued hospitality operations to mixed-use conversion, adaptive reuse, extended stay or campus redevelopment.

FOR SALE DETAILS

PRICE

$7,550,000 USD

PRICE/SF

$236 USD /SF

# OF ROOMS

81

PRICE/ROOM

$93,210 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

81 Room Hotel - Quality Inn & Suites Meridian

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1992

PARKING SPACES

138

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C-G

APN/PARCEL ID

R7702510013,R7702520023,R7702520040

ASK ABOUT THIS PROPERTY

Diana AndersonSilvercreek Realty GroupMore Info
208-938-3818

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Diana AndersonSilvercreek Realty GroupMore Info
208-938-3818

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