PROPERTIES

Office For Sale

249 S. 16th St., Boise, ID 83702

Overview

Price:$2,100,000
Building Size:4,390 SF
Property Type:Office
Total Lot Size:0.684 Acres
Year Built:2001

Highlights

  • Modern open-concept design
  • Large outdoor patio space
  • Near downtown & I84
  • Zoned MX-5 for versatility
  • Ample on-site parking
  • Abundance of natural light

Description

Lee & Associates is pleased to present a premier single-tenant NNN investment opportunity. This property offers a rare chance for developers to secure immediate cash flow while planning future redevelopment or repositioning. Strategically located just off I-184 and minutes from Downtown Boise, the 0.684-acre parcel is zoned MX-5—one of the city’s most flexible and urban-forward designations.

Currently leased to Mavik Ventures through March 2027 with annual rent of $91,144, the asset provides stable income during entitlement or design phases. Surrounded by new multifamily, office, and retail developments, the site is poised to benefit from Boise’s ongoing urban expansion. With the airport just 5.3 miles away and major employers like Albertsons, Micron, and St. Luke’s nearby, this location is well connected to the city’s economic core. This property is perfect for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core—offering income today and significant redevelopment upside tomorrow.

Location

Located near Downtown Boise

Contact Broker

Chase Erkins, SIOR
Principal
Lee & Associates Idaho, LLC

Cell208.789.4900
Office208.789.4900
Fax208.389.2088

Trey Thomas
Principal
Lee & Associates Idaho, LLC

Cell208.340.3697
Office208.343.2300 x1124
Fax208.389.2088

Gordan Clemens
Associate
Lee & Associates Idaho, LLC

Cell208.401.8776
Office208.319.1038 x1130
Fax208.389.2088

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