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    5020 Franklin Rd Meridian, ID 83642

    Sponsored
    For Sale
    $3,132,395

    Prime Meridian industrial land, ready to develop.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.46-acre industrial land parcel, located at 5020 W Franklin Road in Meridian, Idaho (Ada County, zip code 83642), presents a compelling investment opportunity. The property boasts a RUT zoning designation and is situated within an Employment Low Density/Light Industrial area as per the Comprehensive Plan. While currently under county jurisdiction, a cost-effective path to annexation into city limits is readily available. The site offers significant advantages, including readily accessible sewer and water utilities. Its strategic location provides convenient access to the Ten Mile interchange and the Highway 16 extension, ensuring excellent connectivity and logistical efficiency. An artesian well is already on-site, further enhancing the property's value and operational potential. Adding to its appeal, an adjacent 5.22-acre parcel is also available for purchase, offering potential for expansion or consolidation. The property's APN is S1209449321, and the asking price is $3,132,395. This is a rare opportunity to acquire a well-positioned industrial land parcel in a thriving Meridian location.

    Property Features for 5020 Franklin Rd

    General Information

    Property type
    Land
    Lot Size
    368,518 SF

    HighLights

    • 8.46‑acre industrial land parcel in Meridian, ID (Ada County, 83642).
    • RUT zoning in an Employment Low Density/Light Industrial area.
    • Convenient access to Ten Mile interchange and Highway 16 extension.
    • Existing artesian well and readily available sewer/water utilities.
    • Adjacent 5.22‑acre parcel available for purchase.
    • APN S1209449321; Asking price: $3,132,395.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.4564018
    Latitude
    43.6051625

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    FAQs

    What type of property is this?
    Land - Prime Meridian industrial land, ready to develop.
    Where is this land located?
    The property is located at 5020 Franklin Rd Meridian, ID.
    What is the asking price?
    The asking price for this property is $3,132,395.
    What are key features of this property?
    This property features: 8.46-acre industrial land parcel in Meridian, ID (Ada County, 83642).; RUT zoning in an Employment Low Density/Light Industrial area.; Convenient access to Ten Mile interchange and Highway 16 extension.
    Request Owner's contact information
    5020 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
    5020 Franklin Rd Meridian, ID 83642
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