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507 E 45th St

15,000 SF 100% Leased Flex Building Garden City, ID 83714 $3,600,000 ($240/SF)

Investment Highlights

  • Has had over $1 million in renovations in the last 4 years

Executive Summary

Lee & Associates is pleased to present this one of a kind office/warehouse/flex building in Garden City. Sitting next to the Boise River, this building can be used in a variety of combinations for an owner/user or investment property. Garden city is quickly becoming an area where properties like this are becoming less common. The office suite offers approximately 4,116 SF of remodeled space that has been built-out to house three separate tenants (currently one user). The common area includes a shared lobby, very large updated kitchen/breakroom and refined bathrooms. In line with the office is approximately 10,000 SF of clean warehouse with a variety of roll-up doors and small built out offices; all recently renovated. The green-conscious renovation of this property included all new LED lighting resulting in significant savings in Idaho Power utility costs each year.
The parking lot in the front of the building holds 30 cars and there is a contractors yard that is ±20,000 SF that is being leased currently. There is also a 232 SF outbuilding with a roll up door that is being leased, which has plenty of power and a bathroom.

Property Facts

Price $3,600,000
Price Per SF $240
Sale Type Investment
Property Type Flex
Property Subtype R&D
Building Class B
Lot Size 1.29 AC
Rentable Building Area 15,000 SF
No. Stories 1
Year Built 1970
Parking Ratio 2.34/1,000 SF
Clear Ceiling Height 15 FT
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
  • Yard
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R2734522225
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,440,300

zoning

Zoning Code C-2D (Mixed use zoning approved)
C-2D (Mixed use zoning approved)
  • Listing ID: 33290240

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 507 E 45th St, Garden City, ID 83714

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