50 Broadway Ave - Medical FOR SALE


Boise, ID 83702- East End
$1,495,000 USD
208-866-7063
50 Broadway Ave, Boise, ID for Sale
$1,495,000 USD
Medical - FOR SALE
1/2
null | Request Cap Rate

50 Broadway Ave
Boise, ID 83702
East End


HIGHLIGHTS

  • Rare stand-alone office with second lot onsite parking across the street from St Luke’s Hospital. St. Luke’s is the largest hospital system in Idaho
  • Neighbors include St. Luke’s Boise Medical Center, St. Luke’s Children’s Hospital, Idaho Elks Children’s Pavilion and many other medical groups, both
  • Building as new HVAC, exterior paint, windows, roof/gutter system and parking lot sealing/restriping
  • Access to parking and site on S Broadway and E Warm Springs Avenue

OVERVIEW

Property Type: Office Building Size: 2,285 SF two lots .329 Acres Parking 13 spaces For Sale By Owner. Looking for cash or conventual loan. SBA 505 loan is 10% down and with rental side lowers monthly costs. 1031 exchange works. Property is on the of corner of Broadway and Warm springs Ave across from St. Lukes hospital downtown Boise, which is going through a major nine story and one city block expansion. This property is made up of two lots giving 13 parking spaces. That is more parking that any stand alone building around the hospital. The real value besides location and parking is the signage on Broadway. I practice here for 34 years and the signage on the corner and it has paid me many times over. I have decided to sell this property as a for sale by owner. I will work with agents too. There are two space currently in the building. The side I practiced on and the office space I have leased since I developed the corner. I had a new roof and exterior painted with new metal caps and gutters done about 3 years ago. I also put a new HAVC system in at the same time. Boise is expanding and the downtown area is too. The property is half a mile from Boise State University and less to the Boise river and green belt. The Ada County Court house is two blocks away. Whole Foods is one block away. This property is not going down in value. The property is zoned multiple family with a LOD conditional use.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$654 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,960 SF

ZONING

R-3HD and LOD

APN/PARCEL ID

S1011325691,S1011325696

ASK ABOUT THIS PROPERTY

Ronald StoreyDr. Ron StoreyMore Info
208-866-7063

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Ronald StoreyDr. Ron StoreyMore Info
208-866-7063

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