VICTORY ROAD DEVELOPMENT GROUND

Transcription

1 VICTORY ROAD DEVELOPMENT GROUND Address: Parcel Size: Zoning: Comprehensive Plan: Ostensible Uses: 8300 W. Victory Road, Boise, Ada County, Idaho ± AC (per Ada Co. Assessor) County RSW (Transitional) Boise City designates as Industrial, with Commercial adjacent. Business park, industrial park, special-purpose. Subject abuts Commercial zone, and will be located across from

2 a new junior high school, which may open up limited commercial potential. Offering Price: Terms: Water Rights: Other Conditions / Comments: $1,860,000±; $3.25/SF ($141,570/AC) Cash to seller New York Irrigation Dist.; 3.75 acre-feet per acre. Seller breeds show horses and does not want home or livestock disturbed during marketing. Has functional home, barn, various outbuildings, corrals. However, value is in the land. View with agent, by appointment (otherwise, drive-by only). Property has no signage. Seller has bought property out-of-state, and plans to use up hay and remove livestock over the course of the next several months. Desires continued use of the property during that transitional period, but this is negotiable. Will leave home essentially intact for buyer to use as interim rental, but will likely remove all personal property including household furnishings, some corrals, gates, some fencing, and some shrubs, which would otherwise be removed during redevelopment. Parcel may have wetlands/floodway from Five Mile Creek. While the creek is believed to constitute a potential amenity, it would have to be bridged, rerouted, or provided another means of access to exploit north side of creek. Opportunities: Boise Independent School District owns the property across Victory Road. They recently reported that they intend to build a new junior high, install a traffic signal and a turn lane, which would all benefit this property commercially. In conjunction with the abutting Commercial Comp Plan designation for the veterinary clinic, the possibility may exist for a church, strip retail center / fast food, etc. Existing neighboring uses reflect aged and new / developing business parks, service-commercial, traditional office, public use office/vo-tech school, and newer residential subdivisions. While this information is believed to be accurate, seller / brokerage makes no warranties. Buyer to verify all. Exclusive Right to Sell: Cooperation: Bradford Knipe, MAI, ARA, CCIM Knipe & Knipe, Inc. / Knipe Janoush Knipe, LLC / btk@knipejanoush.com 3% to selling brokerage.

3 Overview from across Victory Road looking NE. Close-up, showing CostCo, Hilton, Ameritel. Boise School District property across Victory. Victory Road frontage looking easterly. Victory Road frontage looking westerly. Subject on right. Easterly pasture on subject, looking north.

4 Subject s residence & detached garage. Barn and parking area. Yard near residence. North side of barn and pens. Easterly corrals, showing industrial park to northeast. Main part of property, looking north.

5 View toward new Victory Bus. Park (NW). View from Victory View looking back toward farmstead. View toward subject from abutting Victory Business Park Phase II (under development) Subject s main creek area, which traverses north part of property. View of road in Victory Bus. Park that would provide secondary access to subject. View of Victory Bus. Park Phase II looking east over subject property.

6 Area overview showing proximity to the freeway interchange at Cole / Overland. Centered on subject parcel.

7 Subject parcel magnified. Victory Park Sub. United Water HQ Boise School Dist. HQ Ada Animal Hospital Subject parcel close-up. The parcel along Victory to west is a vet clinic and boarding kennel The 3 uses to the west are rural residences, and could be logical targets for assemblage.

8 The preceding exhibit is from the Boise City Comprehensive Plan, which shows the subject as an industrial area, but one that immediately adjacent if not overlapped by a commercial area.

9 This exhibit from the Boise City Public Works website shows that the subject is zoned RSW, but is surrounded by M1 and M3 county industrial zoning. It suggests that the subject has a floodway of Five Mile Creek running through it, as well as some floodplain area, which could serve as a water amenity, but would likely require some fill to build up building envelopes.

10 This exhibit, also from City Public Works, suggests that the subject is in or completely surrounded by the Boise City sewer service area.

11 This is the most recent record of survey done in 1998, at which time the easterly 4 acres, Parcel 1, was split off and sold to neighboring United Water.

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15 AERIAL PHOTOGRAPHS 8300 W. Victory Road, Boise, Ada County, Idaho Region

16 Boise Valley

17 Subject Overview showing parks, schools, golf courses.

18 Subject Banks, retail, and hotels.

19 Subject Major roads

20 Subject Neighborhood.

21 Lowe s Edward s Wal-Mart Ameritel CostCo US Post Office Subject $3.25/SF United Water HQ Boise School Dist. HQ Nearby developments.

22 Close-up of subject.

23 Victory Business Center now virtually sold out! United Water HQ Boise School Dist. HQ Neighboring property uses.

24 Close-up of the home and barn.

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