Shovel-Ready Multifamily Development
For Sale
Contact for pricing
516 Riverside Drive, Pocatello, ID 83204
Fully approved, permit-ready multifamily development site with transferable engineering and entitlements for a faster path to construction.
Property SizeContact for details
Days on Market47
Property Features for 516 Riverside Drive
General Information
Standard status
Active
Property subtype
Land
Zoning
Neighborhood Comm/Pro
Listing Agency:
Mountain Retreat Real Estate, LLC
(208) 339-3200
Listed By:
Ryan Olsen · License #WY 24996T
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 3 at 1:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mountain Retreat Real Estate, LLC
Investment Insights
Based on property information with market context.
The property is a shovel-ready multifamily development land parcel offered for sale at 516 Riverside Drive. The project is described as fully approved and permit-ready, with engineering, civil plans, and entitlements transferring with the sale, supporting a streamlined transition from acquisition to permitting and construction. The provided materials indicate an estimated $10,000,000 construction cost and include a stabilized asset value projection range of $12,500,000–$15,000,000.
The site is located along the Portneuf River corridor and is described as steps from Sacajawea Park trails. The remarks also place the property minutes from Idaho State University and within easy reach of Portneuf Medical Center. The information provided notes Idaho State University enrollment of 13,933 students and highlights that the surrounding rental market includes a large share of older housing stock.
For developers and investors looking to reduce pre-development uncertainty, this offering is positioned as a complete, transfer-ready package with approvals in hand. With the entitlement and plan set carried through with the sale, the land may appeal to qualified parties seeking a clearer, faster schedule toward groundbreaking compared with starting from earlier-stage planning.
The site is located along the Portneuf River corridor and is described as steps from Sacajawea Park trails. The remarks also place the property minutes from Idaho State University and within easy reach of Portneuf Medical Center. The information provided notes Idaho State University enrollment of 13,933 students and highlights that the surrounding rental market includes a large share of older housing stock.
For developers and investors looking to reduce pre-development uncertainty, this offering is positioned as a complete, transfer-ready package with approvals in hand. With the entitlement and plan set carried through with the sale, the land may appeal to qualified parties seeking a clearer, faster schedule toward groundbreaking compared with starting from earlier-stage planning.
Key Highlights
- Fully approved, permit‑ready multifamily development opportunity at 516 Riverside Drive, Pocatello, ID
- Engineering, civil plans, and entitlements transfer with the sale
- Site along the Portneuf River corridor and steps from Sacajawea Park trails
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 83204, ID
18,408
Population
8,238
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
280.1 sq mi
ZIP Area
66
Density / Sq Mi
$55,191
Median Household Income
$33,806
Median Earnings
$748
Median Rent
$233,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully approved, permit-ready multifamily development site with transferable engineering and entitlements for a faster path to construction.
Where is this residential land & home lot located?
The property is located at 516 Riverside Drive Pocatello, ID.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Fully approved, permit‑ready multifamily development opportunity at 516 Riverside Drive, Pocatello, ID; Engineering, civil plans, and entitlements transfer with the sale; Site along the Portneuf River corridor and steps from Sacajawea Park trails
