Property profile

1625 E Bentley Dr Meridian, ID 83642

FOR SALE
Commercial land
Property ID
US27-0115133
260,000 SF
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Property summary

AI-generated overview

This ±1.74-acre development opportunity located at 1625 E. Bentley Dr., 1021 & 1080 S. Truss Pl. in Meridian, Idaho offers a flexible investment site positioned in one of the Treasure Valley’s fastest-growing corridors. The property has been rezoned Commercial, allowing a range of potential uses including office, flex, and light commercial development, while multi-family residential is possible through a Conditional Use Permit (CUP). Concept plans have been prepared for a 48-unit apartment project consisting of either four 12-plex buildings or two 24-plex buildings, presenting a compelling opportunity for student housing given strong demand from nearby institutions including the Idaho College of Osteopathic Medicine (ICOM) and Idaho State University programs in the area. Alternatively, the site may be developed for flex or office space similar to nearby projects along the Locust Grove corridor, providing optionality for investors and developers seeking exposure to Meridian’s expanding employment and residential growth. Delve into the vibrant city of Meridian, ID, where Bentley and Truss offer a captivating blend of urban amenities and natural splendor. Nestled within this dynamic location, residents will appreciate close proximity to The Village at Meridian, a popular destination offering an array of shopping, dining, and entertainment options. The nearby Julius M. Kleiner Memorial Park provides a serene retreat with its spacious green areas and community events. Boasting a mix of urban conveniences and scenic charm, the area presents an alluring prospect for Multifamily / High-Rise investors seeking a desirable investment in the bustling Meridian market.

Property profile

Verified
Property type Commercial land
Total area 260,000 SF
UPID US27-0115133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1625 E Bentley Dr Meridian, ID 83642
Meridian metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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