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The Foundry 501 Northgate Mile

46,609 SF Industrial Building Idaho Falls, ID 83401 £477,175 (£10/SF) 12% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 44 Rental Units
  • Over 9k of commercial space to lease to restaurant, retail, office
  • 12 Lofts

EXECUTIVE SUMMARY

1.07 Acres of Central Commercial Property. Currently have plans for 32 units of residential, 12 additional lofts, and over 9,000 sq ft of commercial/restaurant/retail space. There is a tax district ready to be finalized. Owner has the ability to build it for the new owner.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price £477,175
Price Per SF £10
Sale Type Investment or Owner User
Net Initial Yield 12%
Sale Condition Design & Build
Property Type
Industrial
  • General Retail Restaurant
  • General Retail Storefront Retail/Office
Building Class C
Lot Size 1.07 AC
Rentable Building Area 46,609 SF
Number of Floors 2
Year Built 1950
Tenancy Single
Parking Ratio 0.13/1,000 SF
Level Access Doors 1

AMENITIES

  • Storage Space
  • Fluorescent Lighting

UTILITIES

  • Water - City
  • Sewer - City
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RPA0620008028B
Land Assessment
£73,300
Improvements Assessment
£372,519
Total Assessment
£445,819

ZONING

Zoning Code CC (CC Central Commercial Zone. This zone provides a mixed use zone which includes a variety of housing types and a variety of commercial uses.)
CC (CC Central Commercial Zone. This zone provides a mixed use zone which includes a variety of housing types and a variety of commercial uses.)
  • Listing ID: 33380240

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 501 Northgate Mile, Idaho Falls, ID 83401

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