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    Nwc Of 10 Mile & Franklin Rds Meridian, ID 83642

    For Sale
    Contact for pricing

    Prime Meridian location, ideal for retail or restaurant.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel, spanning 1.5 to 6.3 acres, presents a unique investment opportunity in Meridian, Idaho's thriving Ten Mile Corridor. Situated at the Northwest corner of Ten Mile and Franklin Roads, this property boasts unparalleled visibility and accessibility, less than a mile from Interstate 84 and the Ten Mile Interchange. The parcel is currently part of a larger parcel, and the buyer will collaborate with the seller to navigate the city approval process for platting the subject property. Sale will be finalized upon receiving final plat approval. This C-N (Neighborhood Business District) zoned land is perfectly positioned to capitalize on the explosive growth in North Meridian. Its proximity to the expansive Ten Mile Crossing mixed-use development, featuring new retail, multifamily, and office spaces, ensures a strong customer base and significant potential for high returns. The property's ample exposure from North Ten Mile Road makes it an excellent location for hospitality, restaurant, or retail businesses seeking to serve the area's rapidly expanding population and burgeoning commercial sector. This is a rare chance to secure a prime commercial lot in one of Idaho's fastest-growing cities.

    Property Features for 0 Nwc Of 10 Mile & Franklin Rds

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑6.3 acre commercial land parcel in Meridian, Idaho, zoned C‑N (Neighborhood Business District).
    • Less than one mile to I‑84 and the Ten Mile Interchange, offering excellent visibility from N. Ten Mile Road.
    • Buyer to participate in city approval process to plat the property; sale contingent on plat approval.
    • Ideal location for hospitality, restaurant, or retail uses in Meridian's rapidly developing Ten Mile Corridor.
    • Situated near Ten Mile Crossing, a mixed‑use development with retail, multifamily, and office components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.433641
    Latitude
    43.6047743

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    FAQs

    What type of property is this?
    Land - Prime Meridian location, ideal for retail or restaurant.
    Where is this land located?
    The property is located at Nwc Of 10 Mile & Franklin Rds Meridian, ID.
    What are key features of this property?
    This property features: 1.5-6.3 acre commercial land parcel in Meridian, Idaho, zoned C-N (Neighborhood Business District).; Less than one mile to I-84 and the Ten Mile Interchange, offering excellent visibility from N. Ten Mile Road.; Buyer to participate in city approval process to plat the property; sale contingent on plat approval.
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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
    Nwc Of 10 Mile & Franklin Rds Meridian, ID 83642
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