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PRICE $2,250,000
SIZE n/a
LOT SIZE 3.03 ac
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Zero entitlement risk. Zero delay. Zero guesswork. Aspen Apartments at 516 Riverside Drive, Pocatello, Idaho is one of the most compelling shovel-ready multifamily development opportunities in Southeast Idaho "” fully approved, permit-ready, and available now at $2,250,000. All engineering, civil plans, and entitlements transfer with the sale, eliminating 18 to 36 months of municipal processing and $300,000 to $600,000 in typical pre-development soft costs. A qualified developer can move from acquisition to groundbreaking with minimal delay. The site sits along the Portneuf River corridor, steps from Sacajawea Park trails, minutes from Idaho State University's 13,933-student campus, and within easy reach of Portneuf Medical Center "” three of the most reliable demand drivers in any multifamily market. With over 37% of Pocatello's rental stock built before 1980 and ISU on-campus housing at 100% capacity, the case for modern product here writes itself. Estimated construction cost: $10,000,000. Stabilized asset value projection: $12,500,000-$15,000,000. The numbers work. The approvals are in hand. The only thing missing is you.

DAYS ON MARKET 60 LAST UPDATED 6/29/2026
YEAR BUILT 0 COMMUNITY West Pocatello
COUNTY Bannock STATUS Active
PROPERTY TYPE(S) Commercial

SCHOOLS
Elementary School Jefferson
Jr. High School Irving
High School Pocatello


ADDITIONAL DETAILS
AREA West Pocatello
LOT 3.03 acre(s)
LOT DESCRIPTION Corner Lot, Wooded
SEWER Public Sewer
TAXES 1194
UTILITIES Natural Gas Available

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Listed with Mountain Retreat Real Estate

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