Investment/Hospitality Development Land

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.