6230

6230 W State Boise, ID 38703

6230 W State, Boise, ID, 38703
6230 W State, Boise, ID, 38703
FOR SALE
Property Type:
Multifamily Land
Amount:
$880,000
Last Verified:
Jan 29, 2019

Highlights

  • Approved Preliminary Plat for 44 unit apartment complex - currently in Design Review with short process to final approval.
  • Purchase includes 1.85 Acres with building plans, landscape plan, geotech report, survey, and preliminary City approvals.
  • 44 Units total: 17 1bd/1ba units, 2 2bd/1ba units, 25 2bd/2.5ba units, and approx. 1.77 parking spaces/unit.
  • Northgate Mall, Wal-Mart Super Store & Starbucks nearby & only 10 minutes to the Capitol building & downtown Boise.
  • City water, sewer, & utilities to front of property on State Street. Irrigation water at rear of property. On city bus route.
  • Boise Metro area ranked #1 in the 2018 Forbes’ Magazine annual list of America’s fastest-growing cities.

Description

Rare Offering in City of Boise: Land with approved preliminary plat for 44-unit apartment complex on 1.85 acres. Fantastic location on high visibility Eagle/Boise corridor...directly across from Plantation Golf Course & close to Boise River, Whitewater Park, and the Fairgrounds. This major Boise/Eagle corridor provides many amenities for work, shopping & entertainment with easy access to either Eagle or downtown Boise. Project currently in Design Review awaiting final approvals. New owner could be building in a matter of months. Boise and the surrounding metropolitan area earned the no. 1 spot on Forbes' 2018 list of America's fastest-growing cities. Adam Kamins a senior economist at Moody's said, "it's got the pieces in place. It's got the location, it's got low cost, a healthy tech presence."

Fantastic location on high visibility street directly across from Plantation Golf Course in Boise; close to the Boise River and Whitewater Park; the Idaho State Fairgrounds, racetrack, and Hawk's Baseball Stadium. Northgate Shopping Center and the Plantation Shopping Center are nearby as well as a Wal Mart Super Center and Starbucks Coffee and many eating amenities. Property is only a short distance from the City of Eagle to the west and just 10 minutes to Boise city center going east.

Lot Size: 1.85 acres

Map of 6230 W State, Boise, ID, 38703

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.