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    Spanish Sun Way Block 2 Meridian, ID 83642

    Sponsored
    For Sale
    $499,938

    Prime Meridian land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.499-acre lot, located in the Artemisia Subdivision (Block 2, Lot 1), presents a unique opportunity for commercial development. Situated in Ada County, Meridian, Idaho (zip code 83642), at S Spanish Sun Way, this property boasts a C-G zoning designation, allowing for diverse commercial uses. The land is strategically positioned near major retailers such as Walmart, Lowe's, and Scheels Sporting Goods, ensuring high visibility and accessibility. This location offers significant advantages, benefiting from its proximity to two I-84 interchanges, providing convenient access to the broader Boise MSA. The area is experiencing rapid growth, with 24 commercial lots, 49 multi-family unit permits, and 653 single-family residence lots approved for development in 2024 within the South Meridian submarket. This property's location on Overland Road frontage between Meridian Road and Ten Mile interchanges further enhances its appeal. The APN is R0525200100. This is an exceptional opportunity to capitalize on the thriving commercial landscape of South Meridian. The asking price for this remarkable property is $499,938.

    Property Features for 0 Spanish Sun Way Block 2

    General Information

    Property type
    Industrial land
    Lot Size
    21,736 SF

    HighLights

    • $499,938 asking price for 0.499 acres of land.
    • Located in Meridian, Idaho, Ada County (APN: R0525200100).
    • Zoned C‑G, suitable for industrial and retail development.
    • Overland Road frontage in South Meridian, near major retailers (Walmart, Lowe's, Scheels).
    • Part of a larger development with approved commercial, multi‑family, and single‑family residential lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Ada
    State
    Idaho
    Longitude
    -116.41662129161
    Latitude
    43.590210080179

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    FAQs

    What type of property is this?
    Industrial land - Prime Meridian land, ideal for development.
    Where is this industrial land located?
    The property is located at Spanish Sun Way Block 2 Meridian, ID.
    What is the asking price?
    The asking price for this property is $499,938.
    What are key features of this property?
    This property features: $499,938 asking price for 0.499 acres of land.; Located in Meridian, Idaho, Ada County (APN: R0525200100).; Zoned C-G, suitable for industrial and retail development.
    (208) 493-5110
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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
    Spanish Sun Way Block 2 Meridian, ID 83642
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