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1502 W Franklin

Boise, ID 83702
  • $1,500,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 98893304
$1,500,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,180
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1896
County:
Ada

School Ratings & Info

Intermountain MLS logoCourtesy of Arthur Berry & Company.

Description

Easily convertible back to single family home or a "house hack", this unique and attractive concept has quickly become a neighborhood favorite. Combining a fashionable, tasteful boutique hotel with five guest rooms and a lovely Backyard Beer Garden, you are acquiring multiple revenue streams with a classic property in the heart of the Treasure Valleys most desirable area. The Property was originally designed by one of Idahos most famous Architects as his personal residence in 1896. A complete remodel on the interior and exterior has created a charmed, inviting space for travelers and neighborhood guests. With overall revenue compound annual growth rate of 26% in the last three years with absentee owners, the growth has been proven. A new owner can bring hospitality experience to reach its potential. The business is currently split at approximately 27% backyard beer garden and 73% boutique hotel sales.

Directions: Downtown Boise, North on 15th, past State Street, NW corner of 15th and Franklin Street.

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Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2023-12-02T00:10:28.22.
www.michaelryanrealestate.com/homes/144721652
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1502 W Franklin Boise, ID 83702

  • Price: $1,500,000
  • Status: Active
  • On Site: 37 Days
  • MLS #: 98893304
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,180
SQFT
$472
$/SQFT
1896
Built
Neighborhood:
Boise North - 0100
County:
Ada
Area:
Boise North - 0100
Property Description
Easily convertible back to single family home or a "house hack", this unique and attractive concept has quickly become a neighborhood favorite. Combining a fashionable, tasteful boutique hotel with five guest rooms and a lovely Backyard Beer Garden, you are acquiring multiple revenue streams with a classic property in the heart of the Treasure Valleys most desirable area. The Property was originally designed by one of Idahos most famous Architects as his personal residence in 1896. A complete remodel on the interior and exterior has created a charmed, inviting space for travelers and neighborhood guests. With overall revenue compound annual growth rate of 26% in the last three years with absentee owners, the growth has been proven. A new owner can bring hospitality experience to reach its potential. The business is currently split at approximately 27% backyard beer garden and 73% boutique hotel sales.

Directions: Downtown Boise, North on 15th, past State Street, NW corner of 15th and Franklin Street.
Exterior Features

Construction Materials ConcreteFrame Fencing FullFenced Foundation Details Basement Lot Features Standard Lot 6000-9999 SFLawn Sprinklers Parking Features 11 - 20 SpacesParking Facility Parking Total 18 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Handicap Access Below Grade Finished Area Units Square Feet Building Area Total 3180 Cooling Central AirDuctless Cooling YN Yes Flooring Wood Heating Forced AirNatural GasDuctless Heating YN Yes Rooms Total 5

Property Features

Building Features Lighting Business Type Business Opportunity Electric 110 Volt220 Volts Gross Income 260927 Land Lease YN No Net Operating Income 68867 Possible Use Land Suitable(ResidentialMultifamilyRetailOther)Hotel/Motel Suitable(Economy/Limited ServiceFull Service)Industrial Suitable(Flex SpaceOffice Showroom)Office Suitable(Creative/LoftOffice Building)Residential Income Suitable(Single Unit/SFR-Condo)Retail Suitable(Restaurant/BarOther)Special Purpose Suitable(Historic District) Road Surface Type Paved Tax Annual Amount 8557 Utilities Sewer ConnectedNatural Gas AvailablePropane Water Source City Service Zoning Description R-3HD/CD

Intermountain MLS logoCourtesy of Arthur Berry & Company: 208-336-8000.


Intermountain MLS logo© 2023 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Michael Ryan Real Estate are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2023-12-02T00:10:28.22.
 
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Intermountain MLS logoCourtesy of Arthur Berry & Company.