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    2948 Meridian Rd Meridian, ID 83642

    For Lease
    $30 SF/Yr

    8,200 SF Medical/Retail Building

    Lot size:
    8,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,200-square-foot single-tenant building is ideally situated in Meridian, Idaho, at 2948 S Meridian Rd, conveniently located off the signalized intersection of Meridian Road and Victory. The property is classified as both retail and office space, currently entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire building. The building's versatile layout is well-suited for a variety of medical office uses, as well as restaurant concepts, given its dual subtype classification. Ample parking is available with 36 spaces provided for tenants and visitors. The property is situated in Ada County, Idaho, and boasts a convenient Meridian address with easy access to major roadways. The zip code is 83642. This fully vacant space offers a blank canvas for a business seeking a prominent location with high visibility and substantial square footage. The building's size allows for customization and expansion to meet specific business needs. This is a rare opportunity to secure a substantial, well-located property in a thriving area of Meridian. The property's single-tenant occupancy offers streamlined management and control. The building's size ranges from 1,000 to 8,200 square feet, providing flexibility for various business models.

    Property Features for 2948 Meridian Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,200 SF
    Total Rate
    20500

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,200 SF
    Rate per SF
    $35

    HighLights

    • 8,200 SF single‑tenant building available for lease in Meridian, ID.
    • Located at 2948 S Meridian Rd, at the signalized intersection of Meridian & Victory Roads.
    • High‑visibility location on a primary corridor to Kuna, serving South Meridian's growth.
    • Excellent signage opportunities.
    • Strong co‑tenancy including Saltzer Medical Group, Legacy Feed & Fuel, Sherwin‑Williams, and WestVet Urgent Care.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.3938023
    Latitude
    43.577991

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    FAQs

    What type of property is this?
    Restaurant - 8,200 SF Medical/Retail Building
    Where is this restaurant located?
    The property is located at 2948 Meridian Rd Meridian, ID.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 8,200 SF single-tenant building available for lease in Meridian, ID.; Located at 2948 S Meridian Rd, at the signalized intersection of Meridian & Victory Roads.; High-visibility location on a primary corridor to Kuna, serving South Meridian's growth.
    Request Owner's contact information
    2948 Meridian Rd Meridian, ID 83642
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    Meridian, ID 83642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2948 Meridian Rd Meridian, ID 83642
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