507 45Th StGarden City, ID 83714

For Sale
$3,600,000

13,700 SF, 100% Occupied, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 13,700-square-foot industrial building in Garden City, Idaho, presents a compelling investment opportunity. Located at 507 E 45th St., 83714, this single-story, multi-tenant property boasts a prime location and is currently 100% occupied, generating strong cash flow. The building features approximately 4,116 square feet of remodeled office space, divided into three individual suites, each with shared access to a large, updated kitchen/breakroom and modern bathrooms. The remaining 9,584 square feet comprises a clean warehouse space with multiple roll-up doors and small, built-out offices, all recently renovated. Significant upgrades in the last four years, exceeding $1 million, include a complete overhaul of the HVAC system (five units replaced or rebuilt), installation of new LED lighting (resulting in substantial energy savings), and a refreshed exterior with new landscaping, curbing, irrigation, and fencing. The property also includes a 30-space parking lot, a separately leased approximately 20,000 square foot contractor's yard, and a 232-square-foot outbuilding with a roll-up door, power, and a bathroom. The building is zoned C-2 and benefits from a full fire suppression system. This property is ideal for both owner-users and investors seeking a high-return asset in a rapidly developing area. The asking price is $3,600,000, representing a price per square foot of $262.77.

Highlights

  • $3,600,000 asking price for a 13,700 SF industrial building in Garden City, ID, representing a $262.77/SF price.
  • Over $1 million in renovations completed within the last four years.
  • Full fire suppression system and HVAC system completely overhauled (five units replaced or rebuilt).
  • Three individual office suites with shared kitchen and bathrooms.
  • Newly landscaped exterior with new curbing, irrigation, and fencing, plus a 30-space parking lot.

Property Details for 507 45Th St

Property type
Other warehouses, Other industrial properties
Square Feet
13,700 SF
Stories
1

Location Insight

City
Garden City
County
Ada
State
Idaho
Latitude
43.6387942
Longitude
-116.2501317
507 45Th St, Garden City, Idaho

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507 45Th St
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