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Listed with Silvercreek Realty Group
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Extremely rare opportunity to develop over 1 acre of land ON AN ARTERIAL ROAD in central meridian! This tax incentivized opportunity zone location has a remarkable 150 ft STREET FRONT exposure on Locust Grove; just south of the Franklin intersection. 1.42 Premium Acres. Currently zoned RUT, choice is yours where to seek new zoning. Future Land Use map indicates MU-C (See cut sheet in Docs for examples). The parcel directly north is zoned R-40. To the south and west is Light Industrial. FLUM also indicates Franklin Rd to become a major commercial arterial road- get in while you can! NO CC&Rs, NOT annexed into the city. Stubbed for public utilities. 2.5 miles to The Village, 2.3 miles to I-84 on/off ramp, 1.5 miles to downtown Meridian. This 2 parcel property includes a 2552sf home with interior remodeling done in 2021. Also on property is a 20x30 insulated shop. Check docs for more information on incredible Opportunity Zone tax incentives for developers, as well as information on current and FLUM zoning.
| DAYS ON MARKET | 89 | LAST UPDATED | 2/29/2024 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Meridian NE - Boise NW - 1020 |
| COUNTY | Ada | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Feb 29, '24 | $1,495,000 |
|---|---|
| Feb 29, '24 - Today | $1,360,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Meridian NE - Boise NW - 1020 |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Brick |
| HEAT | None |
| LOT | 1.42 acre(s) |
| SEWER | Septic Tank |
| STORIES | 2 |
| WATER | Public, Well |
| ZONING | RUT; future land map MU-C |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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