304 Americana Blvd Boise, ID 83702
- Commercial real estate
- 51,253 SF
- 1.73 lot acres
Current Use by Public Records
- Americana Pizza / Restaurant
Property Details for 304 Americana Blvd
- Year built
- 1935
- Lot size
- 1.73 lot acres
- Property size
- 51,253 SF
- Zone code
- C-3DD
- Property type
- Commercial real estate
- APN
- R7399350437
- APU
- R7399350437
Description
This exceptional 61,969 square foot industrial property, located at 304 Americana Boulevard in Boise, Idaho, presents a unique investment opportunity. The property consists of two buildings on a 1.73-acre lot, currently 100% occupied with three tenants generating a first-year net operating income (NOI) of $517,200. The property features a mix of commercial, flex, warehouse, and refrigerated/cold storage space, making it suitable for a variety of uses. Its prime location directly off the I-184 connector provides exceptional visibility and easy access to downtown Boise, Boise State University, and the rapidly developing West End. The property benefits from an active artesian well. Zoned Mx-5dd (Mixed-Use Downtown Design & Development), this asset offers significant potential for future development, including office, commercial, institutional, or residential uses within Boise's River Myrtle-Old Boise Redevelopment District. Existing leases provide income during any potential redevelopment period, with a 6-month termination clause. The seller will lease back a portion of the space until mid-2026. The Ada County property features APN R7399350437 and is offered at $8,250,000 with a triple net (NNN) lease structure. This is a rare chance to acquire a significant commercial real estate asset in a thriving Boise location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,080,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,025,000
- Geo Method
- $1,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,275,000
- Retail
- $1,135,000
- Mixed-Use
- $1,060,000
- Hospitality
- $1,085,000
- Educational
- $1,110,000
- Residential Income
- $1,305,000
- Energy
- $1,210,000
- Income-Based Land
- $940,000
- Food Service
- $1,230,000
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.215
- Latitude
- 43.618
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
