1301 17Th St Idaho Falls, ID 83404

Property Details for 1301 17Th St

Year built

1986

Construction

WOOD

Lot size

0.55 lot acres

Property size

9,396 SF

Property type

Office buildings

APN

RPA1010001001O

APU

RPA1010001001O

Description

This exceptional executive office building, located at 1301 17th Street in Idaho Falls, Idaho, presents a compelling investment opportunity. The 9,500 square foot building, constructed in 1986 and situated in a Commercial/Idaho Falls-PB-profess Busines zoned area, boasts a recently remodeled interior. Currently, the property is 95% leased to a single healthcare organization under a five-year lease generating $162,000 annually. A secondary tenant occupies a smaller space on a month-to-month basis, contributing an additional $1,500 per month in rental income. The asking price is $2,000,000, translating to a price per square foot of $210.53 and a cap rate of 6.5%. The building features a 3,150 square foot below-grade area. This property offers a stable investment with significant upside potential, particularly given the possibility of owner-occupancy in the currently month-to-month leased executive suite. The prime location on 17th Street in Idaho Falls ensures high visibility and accessibility. An adjacent property may also be available for purchase.

Location Insight

City

Idaho Falls

County

Bonneville

State

Idaho

Longitude

-112.008

Latitude

43.4827

CBSA code

26820

CBSA name

IDAHO FALLS, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments