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1393 Cambridge Dr
Idaho Falls, ID 83401
Office Property For Sale
Investment Highlights
- Mixed-use 4,600 SF building in central Idaho Falls
- 1393 Cambridge: 2,200 SF (occupied) | 1395 Cambridge: 2,400 SF (available for lease)
- Two commercial office spaces available, featuring both main floor and basement levels
- Basement offers potential for conversion to residential apartment use
Executive Summary
This 4,600 SF building includes two commercial office suites with both main floor and basement levels. Unit 1393 (2,200 SF) is currently occupied, while Unit 1395 (2,400 SF) is available for lease. The basement level also offers potential for future conversion to residential apartment use, making this a flexible investment opportunity in a prime location.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,600 SF
Building Class
C
Year Built
1967
Price
$549,000
Price Per SF
$119.35
Cap Rate
8.31%
NOI
$45,606
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,300 SF
Building FAR
0.44
Lot Size
0.24 AC
Zoning
R2 - Residential
Property Taxes
| Parcel Number | RPA1422009005B | Improvements Assessment | $186,831 |
| Land Assessment | $31,815 | Total Assessment | $218,646 |
Property Taxes
Parcel Number
RPA1422009005B
Land Assessment
$31,815
Improvements Assessment
$186,831
Total Assessment
$218,646
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