Listing Agency: NAI Select

Listed By: Ryan Brodien · License #ID 48391

Source: Crexi

Added: Aug 14, 2024 Changed: Aug 16 Last Checked: Aug 21 at 3:04PM

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Investment Insights

Based on property information with market context.

This industrial land is located in Meridian and is zoned RUT. The comprehensive plan designation is Employment Low Density/Light Industrial. Currently, the property is in the county for approval with a path to annexation into the city limits at a low cost. Sewer and water are available. The property is close to the Ten Mile interchange and Highway 16 extension. An artesian well is located on site.

Key Highlights

• Prime Location in Meridian
• Path to Annexation into City Limits at Low Cost
• Sewer and Water Available

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Restaurant Building Supply HVAC Service Auto Repair Shop Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 83642, ID

55,465

Population

22,700

Households

2.4

Avg Household Size

35

Median Age

44%

College-Educated

95%

High-School Grad

41.5 sq mi

ZIP Area

1,337

Density / Sq Mi

$96,361

Median Household Income

$45,824

Median Earnings

$1,629

Median Rent

$492,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Industrial land in prime Meridian location with development potential.

Where is this industrial land located?

The property is located at 5020 W Franklin Rd Meridian, ID.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Prime Location in Meridian; Path to Annexation into City Limits at Low Cost; Sewer and Water Available