For Sale

Listed by Peter O'Brien from Cushman & Wakefield Pacific Commercial Realty Advisors

Source: Intermountain Multiple Listing Service #98860448

Avenida del Rio, Twin Falls, ID, 83301

$6,540,000

375487.2 sq. ft.

Land

30+ days on the market

What's around Avenida del Rio

About this property

Multi-family development land located in a growing area in Southern Idaho - Twin Falls. 8.62 Acre lot in prime location, close to the canyon rim, major retailers, restaurants, the College of Southern Idaho & Interstate I-84. Surrounded by new, existing and expanding multi-family developments, Rivercrest Apartments to the north recently completed a 100 unit expansion. Easy access to Pole Line and Blue Lakes Boulevard. Twin Falls Canyon Rim Set-Back Requirements do not apply. Project is ?Fully Vested? for 314 multi-family units in four buildings, each in a four story configuration: A. First step of the entitlement process, ?The P&Z Development Agreement? in place - B. Buyer can step in and participate in the remaining required legislative approval. The next step is the ?Site Only Commercial Permit Application? which only requires staff approval. At this stage, the buyer submits their own architectural renderings, site plans, unit mix, and elevations. Upon approval of this stage, construction can begin.

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