11361 Overland Rd Boise, ID 83709

Property Details for 11361 Overland Rd

Property type

Commercial real estate

Description

This exceptional offering presents a rare opportunity to acquire six contiguous parcels of land totaling approximately 24,776 square feet, ideally suited for office development. Located at 11361 W Overland Rd, Boise, ID 83709, this property boasts a strategic location west of the Fred Meyer store at the intersection of Overland Road and 5 Mile Road, ensuring high visibility and convenient access. The land is zoned for office use, offering flexibility for various development plans. Individual lot sizes range from half an acre to four acres, providing options for both smaller and larger-scale projects. The asking price is $198,208, translating to an attractive price per square foot of $8. All utilities are available on-site, simplifying the development process. Internal roads are planned for construction, enhancing accessibility and site functionality. Comprehensive due diligence materials are readily available for prospective buyers. Furthermore, this property can be combined with seven additional parcels, presenting significant expansion potential. A new high-density single-family residential development is slated for construction on adjacent flag lots in the spring of 2021, further enhancing the area's desirability and future value. The lease expiration date is December 31, 2024, with a remaining lease term of approximately 0.1 years. This presents a unique opportunity to secure a prime location for office development in a rapidly growing area of Boise.

Location Insight

City

Boise

County

Ada

State

Idaho

Longitude

-116.323879

Latitude

43.589956