Redevelopment Opportunity Near Downtown
249 S 16th St., Boise, ID 83702
Single-tenant NNN investment with redevelopment potential near downtown Boise.
Property size:
4,390 SFPrice / SF:
$478/SF- Added:
- Nov 26, 2025
- Days on Market:
- 176
- Last Refresh:
- Dec 7 at 8:18 pm
Property Features for 249 S 16th St.
General Information
- Standard status
- Active
- Size
- 4,390 SF
Building Details
- Year Built
- 2001
Listing agent GARRY KLEIN License #SP51767
Listing office HOULIHAN LAWRENCE COMMERCIAL (914) 798-4900
Listing date Nov 26, 2025
Source Lee-associates
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of HOULIHAN LAWRENCE COMMERCIAL
HighLights
- Strategic location just off I‑184 and minutes from Downtown Boise
- Zoned MX‑5, one of Boise’s most flexible and urban‑forward designations, allowing for redevelopment or repositioning
- Current lease to Mavik Ventures through March 2027 provides stable income of $91,144 annually
- Surrounded by new multifamily, office, and retail developments, benefiting from Boise’s urban expansion
- Proximity to the airport (5.3 miles) and major employers (Albertsons, Micron, St. Luke’s)
- Modern open‑concept design with large outdoor patio space
Overview
This property presents a single-tenant NNN investment opportunity. The 0.684-acre parcel is strategically located just off I-184 and minutes from Downtown Boise. It is zoned MX-5, which is one of the city’s most flexible and urban-forward designations. Currently leased to Mavik Ventures through March 2027 with an annual rent of $91,144, the asset provides income during entitlement or design phases. The property is surrounded by new multifamily, office, and retail developments, and is poised to benefit from Boise’s ongoing urban expansion. The location is 5.3 miles from the airport and near major employers like Albertsons, Micron, and St. Luke’s. The property has a modern open-concept design, a large outdoor patio space, and ample on-site parking. It also features an abundance of natural light. The property, with a size of 4390 square feet, is suitable for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core, offering income and redevelopment upside.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Republic Parking
Parking Lot & Garage
Organic.org
Specialty Food Shop
Similar Places Nearby
- Boise Dream Flowers — 755 w idaho st, boise, id 83702
- Boise Florist & Flowers Delivery — w idaho st, boise, id 83702
- Loral Gift — 800 W Main St, Boise, ID 83702
- Albertsons Floral — 1650 W State St, Boise, ID 83702
- Rust and Thistle — 2608 W Bannock St, Boise, ID 83702
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.2143875
- Latitude
- 43.6193224
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Single-tenant NNN investment with redevelopment potential near downtown Boise.
Where is this storefront property located?
The property is located at 249 S 16th St. Boise, ID.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Strategic location just off I‑184 and minutes from Downtown Boise; Zoned MX‑5, one of Boise’s most flexible and urban‑forward designations, allowing for redevelopment or repositioning; Current lease to Mavik Ventures through March 2027 provides stable income of $91,144 annually
