524 Cleveland Blvd - Office FOR SALE


Caldwell, ID 83605
$4,720,000 USD
208-440-1926
524 Cleveland Blvd, Caldwell, ID for Sale
$4,720,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

524 Cleveland Blvd
Caldwell, ID 83605


HIGHLIGHTS

  • 524 Cleveland Blvd (55,100 SF) is fully occupied by a mix of medical, professional, and local tenants.
  • Including Terry Reilly Health Services and the Western Idaho Community Crisis Center.
  • Includes medical build-outs, freight elevator with dock-high loading, and a fully sprinklered lower level.
  • Strong visibility on Cleveland Blvd (8,915+ VPD) with quick access to I-84 (1.9 miles).
  • Can combine with adjacent property (502 Cleveland Blvd) for a total of ±1.76-acres.
  • Value-Add Opportunity: Potential to generate additional rental income by leasing the lower level/basement.

OVERVIEW

Lee & Associates is pleased to present a rare opportunity to acquire a multi-tenant portfolio totaling 55,100 SF on ±1.28 acres in Downtown Caldwell. The offering combines stable cash flow with long-term redevelopment potential. The asset features a strong mix of credit-backed income, including recession-resistant medical tenancy providing durable, essential-service revenue. Beyond in-place income, the 1.28-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets.

FOR SALE DETAILS

PRICE

$4,720,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Investment Opportunity

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-3

APN/PARCEL ID

0475500000

ASK ABOUT THIS PROPERTY

Drey CampbellLee & Associates Idaho, LLCMore Info
208-440-1926

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Drey CampbellLee & Associates Idaho, LLCMore Info
208-440-1926

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