249 S 16 St - Office FOR SALE


Boise, ID 83702- Downtown Boise
$2,100,000 USD
208-789-4900
249 S 16 St, Boise, ID for Sale
$2,100,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

249 S 16 St
Boise, ID 83702
Downtown Boise


HIGHLIGHTS

  • Modern open-concept design
  • Large outdoor patio space
  • Near downtown & I84
  • Zoned MX-5 for versatility
  • Ample on-site parking
  • Abundance of natural light

OVERVIEW

Lee & Associates is pleased to present a premier single-tenant NNN investment opportunity. This property offers a rare chance for developers to secure immediate cash flow while planning future redevelopment or repositioning. Strategically located just off I-184 and minutes from Downtown Boise, the 0.684-acre parcel is zoned MX-5—one of the city’s most flexible and urban-forward designations. Currently leased to Mavik Ventures through March 2027 with annual rent of $91,144, the asset provides stable income during entitlement or design phases. Surrounded by new multifamily, office, and retail developments, the site is poised to benefit from Boise’s ongoing urban expansion. With the airport just 5.3 miles away and major employers like Albertsons, Micron, and St. Luke’s nearby, this location is well connected to the city’s economic core. This property is perfect for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core—offering income today and significant redevelopment upside tomorrow.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

MX-5

APN/PARCEL ID

R5873512962

ASK ABOUT THIS PROPERTY

Chase ErkinsLee & Associates Idaho LLCMore Info
208-789-4900

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Chase ErkinsLee & Associates Idaho LLCMore Info
208-789-4900

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