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40 Franklin Rd Meridian, ID 83642

Sponsored
For Sale
$980,000

Five-unit office building, high upside, low price/sqft.

Property size:
7,487 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional 7,487 square foot office building, situated on a 0.49-acre lot at 40 W Franklin Rd in the heart of Meridian, Idaho, presents a compelling investment opportunity. Currently configured as five individual units, each with its own restroom and separate entry, the property offers significant flexibility. The existing layout allows for immediate income generation from the fully leased units, with the potential to increase rental income by raising rents to current market rates. Longstanding tenants provide stability and a strong foundation for future growth. Alternatively, the building's design allows for expansion to eight units, further enhancing rental revenue potential. The current owner occupies a portion of the building, showcasing its suitability for owner-occupancy. A comprehensive remodel could unlock even greater rental income, transforming this asset into a high-yielding investment. This property boasts one of the lowest price-per-square-foot values currently available on the market, making it an exceptionally attractive acquisition for discerning investors seeking immediate returns and substantial long-term growth. The prime Meridian location ensures strong tenant demand and continued appreciation. This is a rare opportunity to acquire a well-positioned, versatile commercial property with significant upside potential. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Property Features for 40 Franklin Rd

General Information

Property type
Other commercial real estate
Square Feet
7,487 SF
Lot Size
21,344 SF

Building Details

Year Built
1937

Property Profile Location Intelligence

Current Use by Public Records

Balancing Kneads Massage Therapist E Z TRANSPORT ... Transportation Service Meridian Developmental Services Doctor Angelia Thorne Counselor

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Meridian
County
Ada
State
Idaho
Longitude
-116.3948
Latitude
43.60504

FAQs

What type of property is this?
Commercial real estate - Five-unit office building, high upside, low price/sqft.
Where is this commercial real estate located?
The property is located at 40 Franklin Rd Meridian, ID.
What is the asking price?
The asking price for this property is $980,000.
More about this property
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