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1115 N 28th St
Boise, ID 83702
State Street Motel · Hospitality Property For Sale · 12 Rooms

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INVESTMENT HIGHLIGHTS

  • 12 fully operational motel rooms generating consistent revenue, Solid occupancy – Established customer base and repeat business
  • MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
  • 4+ story development feasible – Allows vertical density to maximize land value and ROI
  • Low-maintenance operation – Owner/operator friendly with established management systems
  • Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
  • Downtown proximity – Walking distance to employment, retail, dining, and entertainment

EXECUTIVE SUMMARY

Exceptional mixed-use development opportunity in one of Boise's most strategic locations. The State Street Motel combines immediate income-producing assets with significant redevelopment potential under MX-3 Active Mixed-Use zoning. This 12-unit, ±4,700 square foot hospitality property offers investors and developers the rare combination of stable current operations and transformative long-term upside.
Located just steps from downtown Boise on the highly bikeable State Street corridor (Bike Score: 86), this property capitalizes on Boise's thriving tourism market, residential growth, and transit-oriented development initiatives.
- 12 fully operational motel rooms generating consistent revenue
- Solid occupancy – Established customer base and repeat business
- Low-maintenance operation – Owner/operator friendly with established management systems
- Amenities – High-speed WiFi, public access, smoke-free rooms, kitchenettes available Redevelopment Opportunity:
- MX-3 Active Mixed-Use Zoning – Permits office, commercial, institutional, and residential uses
- Urban revitalization potential – Transform into modern studio apartments, mixed-use commercial/residential, or contemporary boutique hospitality
- Transit-oriented development – Located on Boise's Best-in-Class Transit Route (State Street corridor)
- 4+ story development feasible – Allows vertical density to maximize land value and ROI
- Downtown proximity – Walking distance to employment, retail, dining, and entertainment
- Established infrastructure – Water, sewer, utilities already in place

PROPERTY FACTS

Price Per Room $173,619 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.37 AC
Building Size 4,700 SF
No. Rooms 12
No. Stories 1
Year Built 1920
Tenancy Single
Parking Ratio 3.19/1,000 SF
Corridor Exterior
Zoning ZC-243 - Zoning Commission Case

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 12 $141.67 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R1754000130
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,269,361 CAD
  • Listing ID: 39100197

  • Date on Market: 2026-01-15

  • Last Updated:

  • Address: 1115 N 28th St, Boise, ID 83702

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