1475 E Franklin Rd, Meridian, ID 83642

Listing agent Shelby Matson License #53409 Show Phone

Listing office Idaho Life Real Estate g***@idaholife.com 1861 S Wells Ave Ste 110, Meridian, ID Show Phone

Listing date Jun 5, 2025

Report an issue

MLS# 98949803 Listing URL

Copyright © 2026 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

This 2.4-acre development opportunity is located in an Idaho Opportunity Zone. The site has 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, and shopping. It is also less than 1/4 mile from a transit stop. The property is located in Meridian, Idaho.

Suggested Use

Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Meridian

County

Ada

State

Idaho

Longitude

-116.3759553

Latitude

43.6035929

Nearby Similar for Sale

• 

  $720,000

  1,844 SF

  Renovated Single-Family Home with Barn

  Renovated home on an acre lot with barn and carport, plus approved room for three additional buildable lots.

  4135 W Cherry Ln, Meridian, ID 83642

  View Details
• 

  $1,050,000

  Meridian Land with Building Permits

  4.58 acre lot with well, septic, and power.

  5910 W Becky Dr, Meridian, ID 83646-5332

  View Details
• 

  $2,500,000

  Commercial Land Development Site

  Level development parcel with strong frontage along a major Meridian corridor, offering opportunity subject to buyer verification.

  4260 E Franklin, Meridian, ID 83642

  View Details
• 

  $2,500,000

  Level Development Land Parcel

  Nearly five acres of level, usable land with frontage along a major Meridian corridor for development and entitlement review.

  4260 E Franklin, Meridian, ID 83642

  View Details
• 

  $5,299,900

  Corner Commercial Development Land

  Nearly four-acre corner lot with dual frontage and a new traffic light, with utilities at the road.

  6305 N Blackcat, Meridian, ID 83646-5015

  View Details
• 

  $425,000

  1,520 SF

  Single-Level Income Home with Lease

  Single-level rental home with a split-bedroom layout, 2-car garage, and an in-place lease through June 30, 2027.

  1193 W Crosswind Dr, Meridian, ID 83646

  View Details
• 

  $995,000

  4,232 SF

  Fourplex with Covered Parking

  Four well-kept units mix 3- and 2-bedroom layouts with washer/dryer hookups, refrigerators, and covered parking.

  119-125 E King St, Meridian, ID 83642

  View Details
• 

  $995,000

  Limited Office Zoned Commercial Land

  One-acre parcel with about 150 feet of Meridian Road frontage, zoned LO for office or professional use.

  S Meridian Road, Meridian, ID 83642

  View Details
• 

  $6,950,000

  28,238 SF

  28-Unit Multifamily Property with Clubhouse

  Newer 28-unit multifamily with in-unit laundry, a common-area clubhouse, and extensive on-site parking.

  324 NE 3rd St., Meridian, ID 83642

  View Details
• 

  $720,000

  Meridian Land Development Opportunity

  In-fill development project with pre-approved plat for three homes.

  4135 W Cherry Ln, Meridian, ID 83642

  View Details
• 

  $674,900

  3,072 SF

  Triplex with Fenced Yards

  Well-maintained for-sale triplex offering each unit 1024 sq. ft. of living space plus a fully fenced backyard area.

  918 NW 4th St, Meridian, ID 83646-2186

  View Details
• 

  $1,299,000

  Waterfront Homesite with Private Pond

  5.78-acre homesite with its own private pond and community direct access to the Boise River.

  7549 N Stonebriar Ln, Meridian, ID 83646

  View Details

FAQs

What type of property is this?

Residential land & home lot - 2.4-acre development site with R-40 zoning and approved permits.

Where is this residential land & home lot 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: Ready‑to‑build 2.4‑acre development site with R‑40 zoning and Conditional Use Permit for 36 apartment units.; Located in an Idaho Opportunity Zone, offering potential tax advantages.; Approved site plan and entitlements significantly reduce design time and development risk.