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Multi-Tenant Investment Opportunity 524 Cleveland Blvd 55,100 SF Office Building Caldwell, ID 83605 $4,720,000 ($85.66/SF)
Investment Highlights
- 524 Cleveland Blvd (55,100 SF) is fully occupied by a mix of medical, professional, and local tenants.
- Includes medical build-outs, freight elevator with dock-high loading, and a fully sprinklered lower level.
- Can combine with adjacent property (502 Cleveland Blvd) for a total of ±1.76-acres.
- Including Terry Reilly Health Services and the Western Idaho Community Crisis Center.
- Strong visibility on Cleveland Blvd (8,915+ VPD) with quick access to I-84 (1.9 miles).
- Value-Add Opportunity: Potential to generate additional rental income by leasing the lower level/basement.
Executive Summary
Lee & Associates is pleased to present a rare opportunity to acquire a multi-tenant portfolio totaling 55,100 SF on ±1.28 acres in Downtown Caldwell. The offering combines stable cash flow with long-term redevelopment potential.
The asset features a strong mix of credit-backed income, including recession-resistant medical tenancy providing durable, essential-service revenue.
Beyond in-place income, the 1.28-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets.
The asset features a strong mix of credit-backed income, including recession-resistant medical tenancy providing durable, essential-service revenue.
Beyond in-place income, the 1.28-acre downtown footprint offers significant upside, creating a prime opportunity for future redevelopment in one of the Treasure Valley’s most active submarkets.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
55,100 SF
Building Class
B
Year Built/Renovated
1948/2017
Price
$4,720,000
Price Per SF
$85.66
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,367 SF
Zoning
C-3
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0475500000 | Improvements Assessment | $2,381,200 |
| Land Assessment | $826,210 | Total Assessment | $3,207,410 |
Property Taxes
Parcel Number
0475500000
Land Assessment
$826,210
Improvements Assessment
$2,381,200
Total Assessment
$3,207,410
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Multi-Tenant Investment Opportunity | 524 Cleveland Blvd