For Sale

Listed by Shelby Matson from Idaho Life Real Estate

Source: Intermountain Multiple Listing Service #98994072

1475 E Franklin Rd, Meridian, ID, 83642

$1,700,000

104108.4 sq. ft.

Land

30+ days on the market

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About this property

Incredible 2.39-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.

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