25 Unit Redevelopment Opportunity
25 Unit Redevelopment Opportunity | 8,694 SqFt
Marketing description
PROPERTY OVERVIEW
This 25-suite property presents an exceptional value-add opportunity for investors seeking to create a custom commercial asset in Meridian's most prominent interstate corridor. Located at the Meridian Road interchange of I-84 alongside two companion hospitality properties, this 8,694-square-foot building has been professionally demised to shell condition with all flooring and hotel furniture removed, providing a blank canvas for strategic repositioning. With 128,000 vehicles per day (2015 data) passing this high-visibility location and each of the 25 spaces featuring private restroom facilities, the property is ideally configured for professional service suites, retail services, or health and wellness concepts requiring private treatment rooms.
VALUE-ADD POSITIONING
Shell Condition Advantage: With all flooring and FF&E already removed, this property eliminates demolition costs and expedites conversion timelines. Investors can immediately implement their vision without the delays and expenses associated with property de-conversion.
Investment highlights
KEY PROPERTY FEATURES
25 individual suites ready for custom buildout
Prior hot tub room could be converted to lobby/reception, conference room or additional suite
Each suite features a private restroom with shower
Shell condition eliminates demolition costs
8,694 SF of flexible commercial space
Roof Replaced in 2019
Setup for PTAC HVAC units in suites and common areas
30 parking spaces on parcel
C-G zoning supports diverse commercial uses
LOCATION HIGHLIGHTS
Sharing the same strategic advantages as the companion hotel properties:
• Interstate Access: Direct visibility and immediate access from I-84, Idaho's primary east-west transportation corridor
• Entertainment Hub: Adjacent to Roaring Springs Water Park and Wahooz Family Fun Center
• Retail Convenience: Neighboring gas station and restaurant with Walmart directly across the street
• Central Valley Access: Minutes from downtown Meridian with easy connectivity to Boise, Nampa, and regional employment centers
•. Dense Trade Area: Surrounded by retail, dining, and service providers creating strong customer base for service-oriented businesses
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