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8209 W Fairview Ave - MX-3 Zoned Land | 6-7 Stories Possible 3 Acres of Commercial Land Offered at $2,350,000 in Boise, ID 83704
Investment Highlights
- 8209 W Fairview Avenue presents a 3-acre land site, currently improved by a local funeral home spanning approximately 9,000 square feet.
- Zoned MX-3, supporting the development of various commercial mixed-use assets, including a five, six, or seven-story apartment building.
- Located off the signalized intersection of W Fairview Avenue and N Milwaukee Street, visible to more than 31,500 daily passing vehicles.
- Shadow-anchored by WinCo Foods, Barnes & Noble, Al’s Sporting Goods, and the Fairview Milwaukee Plaza, which is home to Five Guys and Dollar Tree.
Executive Summary
Welcome to the 3-acre prime commercial development site at 8209 W Fairview Avenue in West Boise, Idaho.
The subject site is zoned MX-3, supporting various commercial developments. Proposed uses include multifamily apartments/townhomes (heavily supported by the city), a community center, quick-service retail (QSR), healthcare, a hotel, a public parking lot, planned unit development, a religious facility, a retail warehouse, self-storage, a supermarket, a veterinarian/kennel, and more.
8209 W Fairview Avenue is already improved by a large, paved concrete, U-shaped driveway leading to a local funeral home establishment at the front of the property, while the rear is raw, grade-level land. A new road will be to the east of the current west-facing entrance, and pathways will need to be placed.
West Boise is a beautiful suburb outside downtown that continues to grow and develop. The surrounding 3-mile area has a steady population of 110,110 residents, with an average household income of over $92,400. More than $1.4 billion is generated via the realm’s robust annual consumer spending power.
The seller may consider a joint venture (JV), assuming the lot is platted, allowing for a small area of ground with improvement or other small JV interest. Cash is hard to get into a dispute with or misunderstand. The current listing price is a competitive rate in the current market for mixed-use development. If a prospect does not believe so, the seller will listen to and seriously consider a logical price. Longer wait times should mean more money for the seller. A short close with no reindeer games should mean the buyer makes more profit.
Most commercial parcels available in Boise at this time appear to be priced at $1 million per acre. An MX-3 parcel on State Street appears to be priced at $2 million per acre.
Inquire today and make a reasonable offer. Brokers paid.
The subject site is zoned MX-3, supporting various commercial developments. Proposed uses include multifamily apartments/townhomes (heavily supported by the city), a community center, quick-service retail (QSR), healthcare, a hotel, a public parking lot, planned unit development, a religious facility, a retail warehouse, self-storage, a supermarket, a veterinarian/kennel, and more.
8209 W Fairview Avenue is already improved by a large, paved concrete, U-shaped driveway leading to a local funeral home establishment at the front of the property, while the rear is raw, grade-level land. A new road will be to the east of the current west-facing entrance, and pathways will need to be placed.
West Boise is a beautiful suburb outside downtown that continues to grow and develop. The surrounding 3-mile area has a steady population of 110,110 residents, with an average household income of over $92,400. More than $1.4 billion is generated via the realm’s robust annual consumer spending power.
The seller may consider a joint venture (JV), assuming the lot is platted, allowing for a small area of ground with improvement or other small JV interest. Cash is hard to get into a dispute with or misunderstand. The current listing price is a competitive rate in the current market for mixed-use development. If a prospect does not believe so, the seller will listen to and seriously consider a logical price. Longer wait times should mean more money for the seller. A short close with no reindeer games should mean the buyer makes more profit.
Most commercial parcels available in Boise at this time appear to be priced at $1 million per acre. An MX-3 parcel on State Street appears to be priced at $2 million per acre.
Inquire today and make a reasonable offer. Brokers paid.
Property Facts
| Price | $2,350,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.00 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | MX-3 - Mixed-Commercial Use | ||
| Price | $2,350,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.00 AC |
| No. Stories | 1 |
| Zoning | MX-3 - Mixed-Commercial Use |
1 Lot Available
Lot
| Price | $2,350,000 | Lot Size | 3.00 AC |
| Price Per AC | $783,333.33 |
| Price | $2,350,000 |
| Price Per AC | $783,333.33 |
| Lot Size | 3.00 AC |
3-acre, MX-3 parcel with all utilities to site. The City of Boise supports and encourages apartment/townhouse development (no neighbors or businesses are likely to contest) in this well-established corridor west of Downtown.
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Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | S1112212550 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,668,500 |
Property Taxes
Parcel Number
S1112212550
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,668,500
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Boise Funeral Home
8209 W Fairview Ave - MX-3 Zoned Land | 6-7 Stories Possible
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