208 Jefferson St Boise, ID 83702
- Commercial real estate
- 2,052 SF
- 0.14 lot acres
Current Use by Public Records
- ICCU / Credit Union
Property Details for 208 Jefferson St
- Year built
- 1938
- Lot size
- 0.14 lot acres
- Property size
- 2,052 SF
- Zone code
- R-ODD
- Property type
- Commercial real estate
- APN
- R1013004170
- APU
- R1013004170
Description
This exceptional 2,052 square foot commercial property presents a rare investment opportunity in the heart of Boise, Idaho. Located at 208 W Jefferson St, this building boasts a prime location within walking distance of St. Luke's Medical Campus, surrounded by thriving professional and medical offices. Originally constructed in 1938 and extensively renovated in 2013, the building offers a blend of historical charm and modern functionality. The property sits on a 0.14-acre lot and is zoned Zc-243 MX-3, providing flexibility for a variety of uses. With a total asking price of $725,000, the price per square foot is $353.31. The property's Ada County APN is R1013004170. This is an ideal opportunity for investors seeking a well-maintained, centrally located asset in a rapidly growing city center. The building's history as an ICCU branch speaks to its established presence and potential for continued success. The property's proximity to St. Luke's Medical Campus and other professional offices makes it an attractive location for medical practices, professional services, or other compatible businesses. This is a unique chance to acquire a piece of Boise's vibrant downtown core.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $405,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $320,000
- Mixed-Use
- $365,000
- Hospitality
- $385,000
- Educational
- $415,000
- Residential Income
- $320,000
- Energy
- $375,000
- Income-Based Land
- $405,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.194
- Latitude
- 43.6147
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA