Office Properties in Meridian, Idaho, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. As the second most populous city in the state, Meridian's strategic location and well-organized infrastructure make it an attractive destination for businesses and residents alike. Office Properties in Meridian can represent a range of investments, from small, single-story buildings to larger, multi-story complexes, each offering a unique set of benefits and opportunities. With amenities like Meridian Settlers Regional Park, Eagle Island State Park, and the Meridian Speedway, the city provides a high quality of life for employees and residents. Additionally, the city's location near major transportation hubs, including I-84 and the Union Pacific Railroad spur, makes it an ideal location for businesses that rely on transportation and logistics. The city's strong economy, driven by industries like agriculture, manufacturing, and transportation, ensures a steady demand for office space, making Office Properties in Meridian a solid investment choice.
With 20 Office Properties for sale in Meridian, investors have a range of options to choose from. In addition to Office Properties, Meridian also offers a range of other commercial real estate options, including Commercial Real Estate, which can provide a steady stream of income through rental properties. Apartment Buildings are another option, offering a unique opportunity to capitalize on the city's growing population. Shopping Centers, like those found in Old-town Meridian, provide a hub for local businesses and residents, while Hotels, like those near the Meridian Speedway, cater to visitors and travelers. Each of these property types offers a unique set of benefits and opportunities, and investors can choose the one that best fits their investment goals. Overall, Meridian's strong economy, strategic location, and range of commercial real estate options make it an attractive destination for investors.
What is the average price per square foot for office properties in Meridian?
The average price per square foot for office properties in Meridian is $261 USD per square foot, with 20 available listings ranging in size from 71,842 square feet to 128,000 square feet, and an average cap rate of 6.71%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Meridian, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities. Here are some key differences between Class A, B, and C office properties:
- Class A office properties are typically modern, well-maintained, and located in prime areas, offering high-end amenities and finishes.
- Class B office properties are older or less luxurious than Class A properties, but still offer functional and comfortable spaces, often at a lower price point.
- Class C office properties are usually older, in need of renovation, and may have limited amenities, making them a more affordable option for businesses on a budget.
