40 W Franklin Rd Meridian, ID ^$ 1,050,000

40 W Franklin Rd

^$ 1,050,000

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40 W Franklin Rd

Meridian, ID, 83642

^$ 1,050,000

Studio Baths0.0 Sq 7,487

Monthly Estimate*

^$ 6,979

40 W Franklin Rd, Meridian, ID 83642 - Image 1

40 W Franklin Rd, Meridian, ID 83642 - Image 2

40 W Franklin Rd, Meridian, ID 83642 - Image 3

40 W Franklin Rd, Meridian, ID 83642 - Image 4

40 W Franklin Rd, Meridian, ID 83642 - Image 5

40 W Franklin Rd, Meridian, ID 83642 - Image 6

40 W Franklin Rd, Meridian, ID 83642 - Image 7

40 W Franklin Rd, Meridian, ID 83642 - Image 8

Studio

Commercial Property for sale in Meridian, ID

for $1,050,000. This 7,487 square foot building was built in 1937 on a lot size of 0.49.

Fully leased 5 unit office building, in the heart of Meridian, with significant upside! Currently divided into 5 units but able to split into 8 units, all with separate restrooms and entries. Bring rents up to market rates with the longstanding tenants, owner occupy a portion of the building, or remodel and increase rents further. Many possibilities to turn this property into one of your highest yielding assets after purchasing at one of the lowest price per sqft on the market.

Commercial Pending

Price

^$ 1,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.49

Year Built

1937

Town/City

Meridian

County/Region

Ada

MLS | Web ID

98903662

Features

General

Heating Forced Air Natural Gas

Cooling Central Air

Utilities Sewer Connected Natural Gas Available

Roof Composition Flat

Construction Materials Frame

Year Built 1937

Electric 110 Volt 220 Volts

Stories 1

Business Type Professional/Office

Building Name Franklin Plaza

Accessibility Handicap Access

County Ada

New Construction N

Property Type Commercial Sale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Pending

Directions North on Main St West on Franklin Rd North into parking lot (two buildings in from Meridian Rd)

City Meridian

Buyer Agent Compensation 3

Senior Community Y/N N

MLS Area Meridian NW - 1030

Lot Size Units Acres

Lot Size Square Feet 21344.4

Waterfront Y/N N

Carport Y/N N

Street Name Franklin Rd

Listing Terms Cash Consider All Conventional Private Financing Available

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Building Area Units Square Feet

Living Area Units Square Feet

Buyer Agent Compensation Type %

Interior

Flooring Wood

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Below Grade Finished Area Unit Type Square Feet

Above Grade Finished Area Unit Type Square Feet

Exterior

Fencing Partial

Parking Features 11 - 20 Spaces

Lot Features 10000 SF - .49 Acre

Water Source City Service

Total Parking 20

Lot Size Area 0.49

Spa N

Building Area Total 7487

Lot Size Acres 0.49

Open Parking Y/N N

Internal Only

Street Number 1 40

* Excluded Features

List By

Jesse Taff

Listing Agent

Aspire Realty Group

Broker

realestate@jessetaff.com

Affordability Calculator

$6,979

Per Month

Monthly Principal & Interest: $6,979
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Meridian, ID

Average List Price ^$1,405,344

Percent of Sale Price 34%

About Meridian, ID

102,754 Population

141% Since 2002

^$63,989 Median Income

34.88 Median Age

39% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

397929 Elementary School

397955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2024	$1,050,000		Listed Price

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40 W Franklin Rd, Meridian, ID, 83642 is a Commercial Property for sale at $1,050,000 with 7,487 sqft and a lot size of 0.49. 40 W Franklin Rd is a studio with 0.0 baths and was built in 1937. The property's zip code is 83642 which is in Meridian, ID

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the, Intermountain MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the, Intermountain MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/11/2024.

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40 W Franklin Rd

Commercial Property for sale in Meridian, ID

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