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Listed with Idaho Life Real Estate
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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 6/5/2025 |
|---|---|---|---|
| TRACT | 0 Not Applic. | YEAR BUILT | 0 |
| COMMUNITY | Meridian NE - Boise NW - 1020 | COUNTY | Ada |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | Meridian NE - Boise NW - 1020 |
|---|---|
| LOT | 2.39 acre(s) |
| LOT DESCRIPTION | Level |
| SUBDIVISION | 0 Not Applic. |
| TAXES | 1636.3 |
| UTILITIES | Electricity Available, Natural Gas Not Available, Electricity Connected, Sewer Connected, Underground Utilities |
| WATER | Public |
| ZONING | R40 |
| SATELLITE VIEW |
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