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50 Broadway Ave 2,285 SF Office Building Boise, ID 83702 $1,495,000 ($654.27/SF)
Investment Highlights
- Rare stand-alone medical office with onsite parking across the street from St Luke’s Hospital. St. Luke’s is the largest hospital system in Idaho
- Building as new HVAC, exterior paint, windows, roof/gutter system and parking lot sealing/restriping
- Neighbors include St. Luke’s Boise Medical Center, St. Luke’s Children’s Hospital, Idaho Elks Children’s Pavilion and many other medical groups, both
- Access to parking and site on S Broadway and E Warm Springs Avenue
Executive Summary
Property Type: Office
Building Size: 2,285 SF two lots .329 Acres Parking 13 spaces
For Sale By Owner. Looking for cash or conventual loan. SBA 505 loan is 10% down and with rental side lowers monthly costs. 1031 exchange works.
Property is on the of corner of Broadway and Warm springs Ave across from St. Lukes hospital downtown Boise, which is going through a major nine story and one city block expansion. This property is made up of two lots giving 13 parking spaces. That is more parking that any stand alone building around the hospital. The real value besides location and parking is the signage on Broadway. I practice here for 34 years and the signage on the corner and it has paid me many times over. I have decided to sell this property as a for sale by owner. I will work with agents too. There are two space currently in the building. The side I practiced on and the office space I have leased since I developed the corner. I had a new roof and exterior painted with new metal caps and gutters done about 3 years ago. I also put a new HAVC system in at the same time. Boise is expanding and the downtown area is too. The property is half a mile from Boise State University and less to the Boise river and green belt. The Ada County Court house is two blocks away. Whole Foods is one block away. This property is not going down in value. The property is zoned multiple family with a LOD conditional use.
Building Size: 2,285 SF two lots .329 Acres Parking 13 spaces
For Sale By Owner. Looking for cash or conventual loan. SBA 505 loan is 10% down and with rental side lowers monthly costs. 1031 exchange works.
Property is on the of corner of Broadway and Warm springs Ave across from St. Lukes hospital downtown Boise, which is going through a major nine story and one city block expansion. This property is made up of two lots giving 13 parking spaces. That is more parking that any stand alone building around the hospital. The real value besides location and parking is the signage on Broadway. I practice here for 34 years and the signage on the corner and it has paid me many times over. I have decided to sell this property as a for sale by owner. I will work with agents too. There are two space currently in the building. The side I practiced on and the office space I have leased since I developed the corner. I had a new roof and exterior painted with new metal caps and gutters done about 3 years ago. I also put a new HAVC system in at the same time. Boise is expanding and the downtown area is too. The property is half a mile from Boise State University and less to the Boise river and green belt. The Ada County Court house is two blocks away. Whole Foods is one block away. This property is not going down in value. The property is zoned multiple family with a LOD conditional use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,285 SF
Building Class
C
Year Built/Renovated
1978/1995
Price
$1,495,000
Price Per SF
$654.27
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,285 SF
Building FAR
0.15
Lot Size
0.34 AC
Zoning
R-3HD - Residential Development
Parking
13 Spaces (5.69 Spaces per 1,000 SF Leased)
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $781,700 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$781,700
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Presented by
Dr. Ron Storey
50 Broadway Ave
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