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507 E 45th St 13,700 SF 67% Leased Flex Building Garden City, ID 83714 $3,500,000 ($255.47/SF)
Investment Highlights
- The 3 unit industrial building has had over 1 million in renovations in the last 4 years
- Front office area offers 3 individual suites with shared kitchenette and bathrooms along with 2 other built out offices in the open space
- Full fire suppression, all HVAC has been rebuilt or replaced (5 units)
Executive Summary
The office component includes approximately 4,116 SF of remodeled space, built out to accommodate up to three tenants (currently occupied by one user). Common areas feature a shared lobby, a large updated kitchen/breakroom, and upgraded restrooms. Adjacent to the office is approximately 10,000 SF of clean warehouse space with multiple roll-up doors and several small built-out offices, all recently renovated. The green-conscious improvements include new LED lighting throughout, providing significant annual savings on Idaho Power utilities.
The property offers front parking for approximately 30 vehicles, a ±20,000 SF contractor’s yard currently leased, and a 232 SF outbuilding with a roll-up door, ample power, and a restroom, also currently leased.
Property Facts
| Price | $3,500,000 | Rentable Building Area | 13,700 SF |
| Price Per SF | $255.47 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1970 |
| Property Type | Flex | Parking Ratio | 2.34/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 15’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.29 AC | ||
| Zoning | C-2D - Mixed use zoning approved | ||
| Price | $3,500,000 |
| Price Per SF | $255.47 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 1.29 AC |
| Rentable Building Area | 13,700 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.34/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-2D - Mixed use zoning approved |
Amenities
- Fenced Lot
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cutting Edge Landscape
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cutting Edge Landscape | Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Lee & Associates is pleased to present this one-of-a-kind office/warehouse/flex building located along the Boise River in Garden City. The property offers flexible use options for an owner/user or investor and is increasingly rare as Garden City continues to redevelop. The office component includes approximately 4,116 SF of remodeled space, built out to accommodate up to three tenants (currently occupied by one user). Common areas feature a shared lobby, a large updated kitchen/breakroom, and upgraded restrooms. Adjacent to the office is approximately 10,000 SF of clean warehouse space with multiple roll-up doors and several small built-out offices, all recently renovated. The green-conscious improvements include new LED lighting throughout, providing significant annual savings on Idaho Power utilities. The property offers front parking for approximately 30 vehicles, a ±20,000 SF contractor’s yard currently leased, and a 232 SF outbuilding with a roll-up door, ample power, and a restroom, also currently leased.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 100 | 4,910 SF | Flex | - | Now |
1st Fl - 100
| Size |
| 4,910 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1st Fl - 100
| Size | 4,910 SF |
| Space Use | Flex |
| Condition | - |
| Available | Now |
Lee & Associates is pleased to present this one-of-a-kind office/warehouse/flex building located along the Boise River in Garden City. The property offers flexible use options for an owner/user or investor and is increasingly rare as Garden City continues to redevelop. The office component includes approximately 4,116 SF of remodeled space, built out to accommodate up to three tenants (currently occupied by one user). Common areas feature a shared lobby, a large updated kitchen/breakroom, and upgraded restrooms. Adjacent to the office is approximately 10,000 SF of clean warehouse space with multiple roll-up doors and several small built-out offices, all recently renovated. The green-conscious improvements include new LED lighting throughout, providing significant annual savings on Idaho Power utilities. The property offers front parking for approximately 30 vehicles, a ±20,000 SF contractor’s yard currently leased, and a 232 SF outbuilding with a roll-up door, ample power, and a restroom, also currently leased.
Property Taxes
| Parcel Number | R2734522225 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,354,800 |
Property Taxes
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507 E 45th St
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