Property

Payette, ID 83661 1713 Center Ave.

$1,750,000

1713 Center Ave. Payette, ID - Image 11713 Center Ave. Payette, ID - Image 21713 Center Ave. Payette, ID - Image 3
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Presented By: Pipkin & Associates
  • MLS# 98938119
  • 03/07/2025
  • Request Tour
  • Request Info
  • SQFT • 8,067

Home Details

16 Room foster care facility leased by and run by the state of Idaho. The facility is leased to the State of Idaho on a 3 yr. lease with 3 yr. option. 1st yr. lease was for $135,600 with annual increases of CPI or 3%, whichever is less. State paid half of TIs when lease originally signed and get credit back monthly of $1,111 for years 4-6, if they exercise their option. Since the state is short of foster homes there is a very good chance the lease will be extended well beyond the 6 years. APODs provided upon request.
Presented By: Pipkin & Associates

Interior Features for 1713 Center Ave.

Other Interior Features

Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NYes

General for 1713 Center Ave.

AccessibilityHandicap Access
Attached Garage No
Building Area UnitsSquare Feet
Building NamePayette Foster Care Facility
Business TypeSpecial Purpose
Cap Rate6.71
Carport Y/NNo
CityPayette
Construction MaterialsFrame
CoolingCentral Air
CountyPayette
Electric110 Volt, 220 Volts
Garage Y/NNo
Gross Income139668
HOANo
HeatingForced Air, Natural Gas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease TypeModified Gross
Listing TermsCash, Refinance
Living Area UnitsSquare Feet
Lot Size Square Feet28749.6
Lot Size UnitsAcres
MLS AreaPayette - 1750
Net Operating Income117464
New ConstructionNo
Number Of Units Total16
Ok to Lease36
Operating Expense22204
Possible UseLand Suitable(Multifamily), Health Care Suitable(Acute Care Hospital), Retail Suitable(Day Care Facility, Free Standing Building), Special Purpose Suitable(Other), Senior Housing Suitable(Assisted Living
Property Attached Y/NNo
Property TypeCommercial Sale
RoofComposition
Senior Community Y/NYes
StatusActive
Stories1
Tax Annual Amount8268
UtilitiesSewer Connected, Natural Gas Available, Propane
Waterfront Y/NNo
Year Built1988

Exterior for 1713 Center Ave.

Building Area Total8067
Exterior AmenitiesPaved Outside Area
FencingPartial
Lot Features1/2 - .99 Acre, Lawn Sprinklers
Lot Size Acres0.66
Lot Size Area0.66
Open Parking Y/NNo
Parking Features11 - 20 Spaces
Road Surface TypePaved
SpaNo
Total Parking16
Water SourceCity Service

Additional Details

Price History

Black Oak Agency

Price $1,750,000
MLS#98938119
List Date 03/07/2025
Property Type Commercial
Phone 208.954.2162
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