847 E Fairview Ave - Office FOR SALE


Meridian, ID 83642- Northeast Meridian
$1,100,000 USD
208-947-0811
847 E Fairview Ave, Meridian, ID for Sale
$1,100,000 USD
Office - FOR SALE
1/7
null | 6.5% Cap Rate

847 E Fairview Ave
Meridian, ID 83642
Northeast Meridian


HIGHLIGHTS

  • Established Tenancy: Murphy Law Office, PLLC has been a long-term, stable tenant since 2005. Current lease expires December 31, 2031.
  • Recent Capital Upgrades: New roof installed (Sept. 2025), upgraded parking lot (Sept. 2025), and recent HVAC improvements.
  • Attractive NNN Structure: Tenant responsible for all operating expenses; landlord limited to structural components—offering low-maintenance ownership.
  • Prime Meridian Location: Centrally positioned just off Fairview Avenue, offering excellent accessibility while enjoying a quiet, set-back setting.
  • Rare Investment Opportunity: Small office assets with this combination of quality, stability, and location are seldom available in the Meridian market

OVERVIEW

Introducing a prime investment opportunity in Meridian's sought-after commercial landscape. This 2,960 SF office building, impeccably maintained and zoned C-G, showcases reliability and potential. Benefit from an established tenancy by the Murphy Law Office, PLLC, ensuring steady income with a lease extending to December 31, 2031. Recent capital improvements include a new roof, parking lot upgrades, and enhanced HVAC systems, bolstering operational efficiency and property value. With a favorable NNN structure and a central location just off Fairview Avenue, this rare asset offers low-maintenance ownership and exceptional accessibility. Don't miss out on this rare blend of quality, stability, and location.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,793 SF

ZONING

C-G

APN/PARCEL ID

R4228730040

ASK ABOUT THIS PROPERTY

Al MarinoTOK CommercialMore Info
208-947-0811

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Al MarinoTOK CommercialMore Info
208-947-0811

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