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Five-Unit Office Building
For Sale
$945,000

40 W Franklin Rd, Meridian, ID 83642

Fully leased office property with separately entered suites and private restrooms.

Property Size7,487 SF
Price / SF$126.22
Days on Market27

Property Features for 40 W Franklin Rd

General Information

Standard status Active
Size 7,487 SF
Occupancy 100%

Additional Details

Office Units 5

Building Details

Year Built 1937
Buildings 1
Tenancy Multi
Listing Agency: Boise Premier Real Estate
Listed By: Marcos Prado · License #SP56515
Source: 208doors
Added: Aug 3 Changed: Aug 28 Last Checked: Aug 29 at 12:11PM

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 Boise Premier Real Estate

Investment Insights

Based on property information with market context.

This 7,487-square-foot office building in Meridian contains five separately configured units, each with its own entrance and restroom. The property is fully leased and was built in 1937.

The current layout can be adapted to accommodate as many as eight units, providing flexibility for future reconfiguration. Located at 40 W Franklin Rd, the building offers an established office format with multiple independently accessed spaces.

Key Highlights

  • 7,487 SF office building
  • Five fully leased office units
  • Each unit has a separate entrance and restroom

Property Analytics

Current Use

Balancing Kneads Alternative Medicine Practice E Z TRANSPORT ... Freight Service Meridian Developmental Services Physician Angelia Thorne Counselor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Locksmith Tanning Salon Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,183
Businesses Nearby

Demographics for 83642, ID

55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office property with separately entered suites and private restrooms.
Where is this office building located?
The property is located at 40 W Franklin Rd Meridian, ID.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 7,487 SF office building; Five fully leased office units; Each unit has a separate entrance and restroom
More about this property
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