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3131 E Lanark St 12,557 SF 100% Leased Retail Building Meridian, ID 83642 $4,523,908 CAD ($360.27 CAD/SF) 6.50% Cap Rate
Investment Highlights
- • Eagle Road frontage with high visibility and traf?c counts
- • Proximity to major transportation arteries for easy access
- • 100% occupied, low maintenance investment opportunity
- • Onsite parking for tenant and guest convenience
- • Prime location offering exceptional business presence opportunities
- • Freestanding retail/?ex building on approximately 0.79 acres
Executive Summary
Introducing a prime investment opportunity at 3131 E Lanark St in Meridian, ID. This 12,557 SF freestanding retail/flex building, built in 1979, boasts Eagle Road frontage with high visibility and traf?c counts, perfectly situated for exceptional business presence. The property offers onsite parking for tenant and guest convenience, and its proximity to major transportation arteries ensures easy access. Zoned C-G and occupying approximately 0.79 acres, this 100% occupied, low maintenance investment opportunity is the ideal choice for retail/street retail investors seeking a lucrative asset in the thriving Meridian area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,557 SF
Building Class
B
Year Built
1979
Price
$4,523,908 CAD
Price Per SF
$360.27 CAD
Cap Rate
6.50%
NOI
$294,054 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.36
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
C-G - General Commercial
Parking
36 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
172’ on Eagle Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R6510580082 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,045,540 CAD |
Property Taxes
Parcel Number
R6510580082
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,045,540 CAD
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3131 E Lanark St
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