1825 E 16th St - Food Processing FOR SALE


Burley, ID 83318
$1,500,000 USD
208-818-6803
1825 E 16th St, Burley, ID for Sale
$1,500,000 USD
Food Processing - FOR SALE
1/5
null | Request Cap Rate

1825 E 16th St
Burley, ID 83318


HIGHLIGHTS

  • 3 Phase - 480v and 300 amps of 240v
  • Off of US Hwy 30 just three miles south of I-84
  • 1,100 SF 3 bd, 2 ba home currently leasing for $900 month to same tenant for over five years; suitable for on-site manager housing or owner residence
  • 14 months left on industrial NNN lease at $5,000 per month (well below market). Lessee will move out if new tenant is found
  • Owner willing to hold note with significant down payment and 5 yr balloon
  • 1.4 Acres of excess land

OVERVIEW

The property is currently leased on an NNN basis at $5,000 per month, with approximately 14 months remaining. The lease is below market, the tenant is willing to vacate if a new user is secured, allowing flexibility for an owner-user or new tenant. Lease rates are approximately $0.65 per square foot for the industrial space, or $0.72 per square foot when including the residential component. A key highlight is the property’s significant electrical capacity, featuring 800 amps of 480-volt power and an additional 300 amps of 240-volt service, ideal for power intensive users. The site is serviced by both well and city water. Additionally, the property includes a 1,100 square foot, three-bedroom, two-bath home currently leased at $900 per month to a long-term tenant, providing supplemental income or potential on-site housing. Ownership is also open to seller financing with a significant down payment and a five-year balloon, offering added flexibility for acquisition.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.16

LAND SF

94,090

ZONING

C-1

APN/PARCEL ID

RP10S23E280616

ASK ABOUT THIS PROPERTY

Mike HicksLee & Associates Idaho, LLCMore Info
208-818-6803

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Mike HicksLee & Associates Idaho, LLCMore Info
208-818-6803

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