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State Street Motel 1115 N 28th St 12 Room Hotel Boise, ID 83702 $1,500,000 ($125,000/Room) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly Sought after Location
- Abundant Potential
EXECUTIVE SUMMARY
Welcome to the State Motel, a prime investment nestled in the heart of Boise, Idaho. Boasting a consistent track record of steady sales over the past three years, this 12-unit motel presents an enticing prospect for savvy investors. With a healthy cash flow and abundant potential, the State Motel offers a lucrative opportunity for owner-operators or developers alike. Situated in a highly sought-after location with convenient access to downtown amenities and nestled within one of Boise's premier school districts, the property holds immense promise. Explore the possibility of transformation into modern studio apartments or an assisted living residence, tapping into the growing demand for residential spaces in this thriving community. Don't miss out on this chance to capitalize on both the present success and future potential of the State Motel.
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 0.37 AC |
| Price Per Room | $125,000 | Building Size | 4,700 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Cap Rate | 6.67% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1920 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.19/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | ZC-243 - Zoning Commission Case | ||
| Price | $1,500,000 |
| Price Per Room | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 4,700 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 3.19/1,000 SF |
| Corridor | Exterior |
| Zoning | ZC-243 - Zoning Commission Case |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 1115 N 28TH ST , BOISE, ID 83702
4,700 square foot hospitality property.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 12 | $102.00 | - |
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | R1754000130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $913,900 |
PROPERTY TAXES
Parcel Number
R1754000130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$913,900
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Presented by
RaMa Lodging Group
State Street Motel | 1115 N 28th St
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