5330 W Morris Hill Rd Boise, ID 83706

Property Details for 5330 W Morris Hill Rd

Year built

1965

Lot size

0.28 lot acres

Property size

1,872 SF

Zone code

M-1D

Property type

Commercial real estate

APN

R7777814510

APU

R7777814510

Description

This exceptional investment opportunity presents two single-story industrial buildings totaling 4,022 square feet on a combined .26-.28-acre lot in Boise, Idaho. Located at 5330 & 5318 W. Morris Hill Rd, this stabilized property boasts 100% occupancy across three units with four tenants, generating a strong NOI of $74,378 and a 6.70% cap rate. The buildings, constructed in 1967 and extensively renovated in 2018, feature updated interiors, including new plumbing, water heaters, HVAC systems, LED lighting, bathroom fixtures, and exterior paint. The property benefits from recent parking lot resurfacing and landscaping improvements. Zoned I-1, this property offers flexibility for both investors and owner-users. Its convenient location near downtown Boise and St. Alphonsus Hospital, coupled with its strong tenant base and high occupancy rate, makes it an attractive investment. The asking price is $1,110,000, with the option to purchase individual buildings at $370,000 per unit. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a rapidly growing area. The property is situated in an opportunity zone, offering additional investment advantages. The buildings are ideally suited for a variety of uses, including flex space, office, and showroom.