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.

Address Map
US
ID
Ada
Meridian
83642
1475 E Franklin Rd
W117° 37' 26.6''
N43° 36' 12.9''
Schools
West Ada School District
Additional Details
Active
Development
2024
$1,636
No
No
No
No
1 Acre - 4.99 Acres
No
: Available
: No
: City service
: Sewer-proposed
: 5+ units

Land For Sale

1475 E Franklin Rd, Meridian, Idaho 83642

2.39 Acres
Visits : 18 in 172 days
$1,700,000
Listing ID #98949803
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 98949803
Price : $1,700,000
Lot Area : 2.39 Acres
Days on Market : 72
Subdivision : 0 Not Applic.
Update Date : 07/23/2025 20:13:05
Status : Active
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