40 Franklin Rd Meridian, ID 83642

Property Details for 40 Franklin Rd

Year built

1937

Lot size

0.50 lot acres

Property size

7,487 SF

Zone code

C-G

Property type

Commercial real estate

APN

R8342000247

APU

R8342000247

Description

This exceptional 7,487 square foot office building, situated on a 0.49-acre lot at 40 W Franklin Rd in the heart of Meridian, Idaho, presents a compelling investment opportunity. Currently configured as five individual units, each with its own restroom and separate entry, the property offers significant flexibility. The existing layout allows for immediate income generation from the fully leased units, with the potential to increase rental income by raising rents to current market rates. Longstanding tenants provide stability and a strong foundation for future growth. Alternatively, the building's design allows for expansion to eight units, further enhancing rental revenue potential. The current owner occupies a portion of the building, showcasing its suitability for owner-occupancy. A comprehensive remodel could unlock even greater rental income, transforming this asset into a high-yielding investment. This property boasts one of the lowest price-per-square-foot values currently available on the market, making it an exceptionally attractive acquisition for discerning investors seeking immediate returns and substantial long-term growth. The prime Meridian location ensures strong tenant demand and continued appreciation. This is a rare opportunity to acquire a well-positioned, versatile commercial property with significant upside potential. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Location Insight

City

Meridian

County

Ada

State

Idaho

Longitude

-116.395

Latitude

43.605

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments