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    1475 E Franklin Rd Meridian, ID 83642

    For Sale
    $1,700,000

    Unimproved Land - Meridian, ID

    Type:Unimproved Land
    Lot size:
    2.39 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 9 at 3:06 am

    Property Features for 1475 E Franklin Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    S1118110051
    Lot size
    2.39 Acres

    Building Details

    Architectural style
    Other

    Idaho Life Real Estate (208) 631-6930 [email protected]

    Listing agent Shelby Matson (208) 631-6930

    Listing date Jul 23, 2025

    MLS# 98949803 Listing URL

    Copyright © 2025 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity in Meridian, Idaho

    This 2.4-acre development opportunity is located in an Idaho Opportunity Zone. 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, including 73 parking spaces. City water, sewer, electrical, and pressurized irrigation are available at the property. The approved site plan and entitlements may reduce design time and development risk. The property is 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 ready-to-build project in Meridian.
    Property Profile Location Intelligence

    Current Use by Public Records

    Landscapes Unlimited Landscaper

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.375955355
    Latitude
    43.603592889

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    FAQs

    What type of property is this?
    Land - 2.4-acre land parcel with permits for 36 apartment units.
    Where is this land located?
    The property is located at 1475 E Franklin Rd Meridian, ID.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Fully entitled 2.4-acre development opportunity with R-40 zoning and a Conditional Use Permit for 36 apartment units.; - Located in an Idaho Opportunity Zone, offering potential tax advantages.; - Approved site plan reduces design time and development risk, allowing for quick construction.
    (208) 631-6930
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    1475 E Franklin Rd Meridian, ID 83642
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    Meridian, ID 83642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1475 E Franklin Rd Meridian, ID 83642
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