602 Orch St Boise, ID 83706-2033

Property Details for 602 Orch St

Year built

1950

Lot size

1.01 lot acres

Property size

17,045 SF

Zone code

C-2D

Property type

Commercial real estate

APN

R7967500080

APU

R7967500080

Description

This exceptional 17,045-square-foot retail storefront, located at 602 N Orchard St in Boise, Idaho (zip code 83706), presents a compelling investment opportunity. Currently boasting 88% occupancy and a strong NOI of $194,313, this Class B property offers a 7.60% cap rate at an asking price of $1,795,000 ($105.31/sq ft). The property features 55 parking spaces, conveniently located both in front and behind the building. Situated on a major arterial, Orchard Street, this single-story building enjoys excellent visibility and accessibility. Its central Boise location places it near numerous shopping centers, services, and restaurants, ensuring high foot traffic. Current tenants include McCleary's Pub and Resurrected Tattoo, among others. This property is under new ownership and management, presenting a value-add opportunity with potential for future redevelopment. The property's location is within a rapidly growing area of Boise, offering significant long-term growth potential. The lease type is NNN. This is a rare chance to acquire a well-positioned retail center in a thriving Idaho market. The cap rate is projected through March 2025.

Location Insight

City

Boise

County

Ada

State

Idaho

Longitude

-116.243

Latitude

43.6102

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments