ID > Meridian > 0 Not Applic.
Meridian, ID 83642,1475 E Franklin Rd
Meridian, ID 83642,1475 E Franklin Rd
Meridian, ID 83642,1475 E Franklin Rd
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Found It Team

Found It Team

+1(800) 790-7576
Listed by Shelby Matson • Idaho Life Real Estate
$1,700,000
Est. payment /mo
2.39 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision 0 Not Applic.

MLS Listing ID 98949803

HOA Y/N No

Annual Tax Amount $1,636

Tax Year 2024

Lot Size 2.390 Acres

Acres 2.39

Property Sub-Type Unimproved Land

Source IMLS 2

Property Description

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.

Location

State ID

County Ada

Area Meridian Ne - Boise Nw - 1020

Zoning R40

Direction Eastbound on Franklin Rd. Last driveway on Right before Locust Grove.

Interior

Fireplace No

Exterior

Community Features 5+ Units

Utilities Available Electricity Available, Natural Gas Not Available, Electricity Connected, Sewer Connected, Underground Utilities

Building

Lot Description 1 Acre - 4.99 Acres, Level

Faces Eastbound on Franklin Rd. Last driveway on Right before Locust Grove.

Sewer Sewer-Proposed

Water City Service

New Construction No

Schools

School District West Ada School District

Others

Tax ID S1118110051

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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