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249 S 16 St 4,390 SF Office Building Boise, ID 83702 $2,100,000 ($478.36/SF)
INVESTMENT HIGHLIGHTS
- Modern open-concept design
- Near downtown & I84
- Ample on-site parking
- Large outdoor patio space
- Zoned MX-5 for versatility
- Abundance of natural light
EXECUTIVE SUMMARY
Lee & Associates is pleased to present a premier single-tenant NNN investment opportunity. This property offers a rare chance for developers to secure immediate cash flow while planning future redevelopment or repositioning. Strategically located just off I-184 and minutes from Downtown Boise, the 0.684-acre parcel is zoned MX-5—one of the city’s most flexible and urban-forward designations.
Currently leased to Mavik Ventures through March 2027 with annual rent of $91,144, the asset provides stable income during entitlement or design phases. Surrounded by new multifamily, office, and retail developments, the site is poised to benefit from Boise’s ongoing urban expansion. With the airport just 5.3 miles away and major employers like Albertsons, Micron, and St. Luke’s nearby, this location is well connected to the city’s economic core. This property is perfect for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core—offering income today and significant redevelopment upside tomorrow.
Currently leased to Mavik Ventures through March 2027 with annual rent of $91,144, the asset provides stable income during entitlement or design phases. Surrounded by new multifamily, office, and retail developments, the site is poised to benefit from Boise’s ongoing urban expansion. With the airport just 5.3 miles away and major employers like Albertsons, Micron, and St. Luke’s nearby, this location is well connected to the city’s economic core. This property is perfect for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core—offering income today and significant redevelopment upside tomorrow.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
4,390 SF
Building Class
C
Year Built
2001
Price
$2,100,000
Price Per SF
$478.36
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,390 SF
Building FAR
0.15
Lot Size
0.68 AC
Zoning
MX-5
Parking
34 Spaces (7.74 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R5873512962 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,086,000 |
PROPERTY TAXES
Parcel Number
R5873512962
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,086,000
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249 S 16 St
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