Investment/Hospitality Development Land For Sale
Investment/Hospitality Development Land For Sale | 1.84 acres
Marketing description
0 W KARCHER: 0.25 Acres - Land & Leased Billboard
1600 W KARCHER: 0.56 Acres - Home 1,502 SF
1608 W KARCHER: 0.50 Acres - Home 1,164 SF - Shop - 2,384 SF
1614 W KARCHER: 0.53 Acres - Home 1,290 SF - Shop - 1,624 SF
TOTAL AVAILABLE: 1.84 Acres - 3 Residences & 2 Shops
BULK SALE PRICE: Negotiable, Contact Agents
IN-PLACE INCOME: $5,466.67 Per-Month - Month-to-Month Leases
ZONING: BC - Click Here to View Allowed Uses
PARCEL NUMBERS: R24471010A0, R2447800000, R2447900000, R2448500000
UTILITIES: All Available to Site
POTENTIAL USES: Investment or Redevelopment - Hotel, Retail, Multi-Family, Service
AVAILABILITY: Immediate, Contact Agents for Tours
Investment highlights
Four parcels for sale at one of the busiest intersections in Canyon County - the Nampa-Caldwell Boulevard and Karcher Road.
Offer consists of three residences and two commercial shops, all currently leased on a month-to-month basis with a 30 day notice, and one parcel of land with an in-place billboard lease - $5,466.67 of monthly income ($65,600 annually).
Potential for a buyer to hold the revenue generating property as-is or redevelop the parcels for a higher and better use.
Allowed uses under the current BC zoning include hotel, retail, restaurant, office, medical, multi-family, mixed-use, live-work, daycare, school, and other professional service providers.
Prime location with over 47,500 cars per day, less than 1 mile from Interstate 84 on/off ramp 33 - Google Map View.
Surrounding traffic generators include Lowe’s, WinCo Foods, Home Depot, Regal 14 Screen Movie Theater, Big 5 Sports, Mor Furniture, Costco, Kohl’s, Petco, Target, and several other retailers, restaurants and service providers.
Close to other hotels & long-term stay - Nightly rates range from $62 to $183 per-night.
In the identified area, the current year population is 153,699. In 2020, the Census count in the area was 138,487. The rate of change since 2020 was 3.26% annually. The five-year projection for the population in the area is 167,240 representing a change of 1.70% annually from 2023 to 2028.
The household count in this area has changed from 46,885 in 2020 to 52,182 in the current year, a change of 3.35% annually. The five-year projection of households is 57,047, a change of 1.80% annually from the current year total. Average household size has remained unchanged at 2.90 since the year 2020.
Google Map View: https://shorturl.at/fgnpz
Allowed Uses Under the Current BC Zoning: https://www.cityofnampa.us/DocumentCenter/View/13689/Community-Business-BC-Land-Uses
Close to other hotels & long-term stay: https://bit.ly/3Ny4ZGB
5 & 10 Minute Drive Time Demographics: https://summitcreg.com/wp-content/uploads/2024/04/Karcher-5-10-Min-Drive-Time-Demos-4-2024.pdf
1, 3 & 5 Mile Demographics: https://summitcreg.com/wp-content/uploads/2024/04/Karcher-1-3-5-Mile-Demos-4-2024.pdf
Demographics Executive Summary Report: https://summitcreg.com/wp-content/uploads/2024/04/Karcher-1-3-5-Mile-Exec-Summ-Demos-4-2024.pdf
City of Nampa Overview: https://www.cityofnampa.us/DocumentCenter/View/9964/Basic-Nampa-Brochure-2019update
Boise Valley Regional Overview: https://bvep.org/regional-overview/
National Accolades: https://bvep.org/lifestyle/national-accolades
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