Overview
Prime Commercial Land Opportunity
Four parcels are available for sale at a busy intersection in Canyon County, specifically at Nampa-Caldwell Boulevard and Karcher Road. The offering includes three residences and two commercial shops, all currently leased on a month-to-month basis with a 30-day notice. Additionally, there is one parcel of land with an in-place billboard lease. The property generates a monthly income of $5,466.67, totaling $65,600 annually. A buyer has the option to maintain the revenue-generating property as-is or redevelop the parcels for a higher and better use. The current BC zoning allows for various uses, including hotel, retail, restaurant, office, medical, multi-family, mixed-use, live-work, daycare, school, and other professional service providers. The location benefits from high traffic, with over 47,500 cars passing daily, and is less than 1 mile from Interstate 84 on/off ramp 33. Nearby traffic generators include Lowe’s, WinCo Foods, Home Depot, Regal 14 Screen Movie Theater, Big 5 Sports, Mor Furniture, Costco, Kohl’s, Petco, Target, and numerous other retailers, restaurants, and service providers. The property is also close to other hotels and long-term stay options, with nightly rates ranging from $62 to $183. The current year population in the identified area is 153,699. The five-year population projection is 167,240, representing a change of 1.70% annually from 2023 to 2028. The household count has changed from 46,885 in 2020 to 52,182 in the current year. The five-year projection of households is 57,047, a change of 1.80% annually from the current year total. Average household size has remained unchanged at 2.90 since the year 2020.
