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State Street Motel 1115 N 28th St 12 Room Hotel Boise, ID 83702 $1,500,000 ($125,000/Room)
Investment Highlights
- 12 fully operational motel rooms generating consistent revenue, Solid occupancy – Established customer base and repeat business
- MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
- 4+ story development feasible – Allows vertical density to maximize land value and ROI
- Low-maintenance operation – Owner/operator friendly with established management systems
- Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
- Downtown proximity – Walking distance to employment, retail, dining, and entertainment
Executive Summary
Exceptional mixed-use development opportunity in one of Boise's most strategic locations. The State Street Motel combines immediate income-producing assets with significant redevelopment potential under MX-3 Active Mixed-Use zoning. This 12-unit, ±4,700 square foot hospitality property offers investors and developers the rare combination of stable current operations and transformative long-term upside.
Located just steps from downtown Boise on the highly bikeable State Street corridor (Bike Score: 86), this property capitalizes on Boise's thriving tourism market, residential growth, and transit-oriented development initiatives.
- 12 fully operational motel rooms generating consistent revenue
- Solid occupancy – Established customer base and repeat business
- Low-maintenance operation – Owner/operator friendly with established management systems
- Amenities – High-speed WiFi, public access, smoke-free rooms, kitchenettes available Redevelopment Opportunity:
- MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
- Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
- Transit-oriented development – Located on Boise's Best-in-Class Transit Route (State Street corridor)
- 4+ story development feasible – Allows vertical density to maximize land value and ROI
- Downtown proximity – Walking distance to employment, retail, dining, and entertainment
- Established infrastructure – Water, sewer, utilities already in place
Located just steps from downtown Boise on the highly bikeable State Street corridor (Bike Score: 86), this property capitalizes on Boise's thriving tourism market, residential growth, and transit-oriented development initiatives.
- 12 fully operational motel rooms generating consistent revenue
- Solid occupancy – Established customer base and repeat business
- Low-maintenance operation – Owner/operator friendly with established management systems
- Amenities – High-speed WiFi, public access, smoke-free rooms, kitchenettes available Redevelopment Opportunity:
- MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
- Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
- Transit-oriented development – Located on Boise's Best-in-Class Transit Route (State Street corridor)
- 4+ story development feasible – Allows vertical density to maximize land value and ROI
- Downtown proximity – Walking distance to employment, retail, dining, and entertainment
- Established infrastructure – Water, sewer, utilities already in place
Property Facts
| Price | $1,500,000 | Building Size | 4,700 SF |
| Price Per Room | $125,000 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1920 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.19/1,000 SF |
| Lot Size | 0.37 AC | Corridor | Exterior |
| Zoning | ZC-243 - Zoning Commission Case | ||
| Price | $1,500,000 |
| Price Per Room | $125,000 |
| Sale Type | Investment |
| 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
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $102.00 | - |
1 1
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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State Street Motel | 1115 N 28th St
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