1475 E Franklin Rd - Residential LAND FOR SALE


Meridian, ID 83642- Southeast Meridian104,108 SF
$1,700,000 USD
208-890-6242
1475 E Franklin Rd, Meridian, ID for Sale
$1,700,000 USD
Residential LAND - FOR SALE
1/12
104,108 SF

1475 E Franklin Rd
Meridian, ID 83642
Southeast Meridian


HIGHLIGHTS

  • Prime 2.4 acre site in Meridian located within designated Opportunity Zone
  • Fully entitled with R-40 zoning and a 2 year CUP (w/extensions) for 36 apartment units
  • Approved site plan includes three-story buildings, 73 parking spaces
  • Utilities on-site: sewer, water, electrical, pressurized irrigation - no off site improvements needed
  • Exceptional location at Franklin and Locust Grove - minutes to The Village, St. Luke's, freeway access, schools, transit & parks

OVERVIEW

Incredible 2.4-acre development opportunity located in an Idaho Opportunity Zone, offering potential tax advantages for investors/developers. The site is fully entitled with R-40 zoning and a 2-year Conditional Use Permit (with extension options) to build 36 apartment units across three-story buildings with 73 parking spaces. City water, sewer, electrical, and pressurized irrigation are available at the property. The approved site plan and entitlements reduce both design time and development risk, allowing a buyer to move quickly toward construction. Ideally located at Franklin and Locust Grove, within a 5-minute drive to the freeway, The Village at Meridian, St. Luke’s Hospital, Storey Park, schools, shopping, and less than 1/4 mile from a transit stop. This is a rare chance to step into a ready-to-build project in one of Meridian’s most accessible and growing areas.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/ACRE

$711,300/AC

PRICE/SF

$16 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Entitled 36 unit Apartments-Opportunity Zone

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Apartment Units

LAND ACRES

2.39 AC

LAND SF

104,108 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-40

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Shelby MatsonIdaho Life Real EstateMore Info
208-890-6242

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Shelby MatsonIdaho Life Real EstateMore Info
208-890-6242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.