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    Spanish Sun Way Block 1 Meridian, ID 83642

    Sponsored
    For Sale
    $1,058,508

    Prime South Meridian industrial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.215-acre industrial land parcel, identified as Block 1, Lot 3 in the Artemisia Subdivision, presents a compelling investment opportunity in the thriving South Meridian market of Ada County, Idaho. Located at S Spanish Sun Way, zip code 83642, this property boasts a highly desirable C-G zoning designation, opening doors to a variety of commercial and industrial uses. Its strategic location offers unparalleled access to major transportation arteries, including convenient proximity to two I-84 interchanges, ensuring seamless logistics and efficient distribution. The property benefits from its placement within the rapidly expanding South Meridian submarket, a region experiencing significant growth with 24 commercial lots, 49 multi-family unit permits, and 653 single-family residence lots approved for development in 2024. This underscores the area's robust economic vitality and future potential. Furthermore, the site enjoys exceptional visibility and accessibility, situated near prominent retailers such as Walmart, Lowe's, and Scheels Sporting Goods, providing immediate access to a substantial consumer base. The asking price for this remarkable property is $1,058,508, and its APN is R0525200060. This represents a rare chance to acquire a strategically located industrial lot in one of Idaho's fastest-growing areas. Don't miss this opportunity to secure a prime piece of Meridian real estate.

    Property Features for 0 Spanish Sun Way Block 1

    General Information

    Property type
    Land
    Lot Size
    52,925 SF
    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
    -116.4149739
    Latitude
    43.5908114

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    FAQs

    What type of property is this?
    Land - Prime South Meridian industrial lot, excellent location.
    Where is this land located?
    The property is located at Spanish Sun Way Block 1 Meridian, ID.
    What is the asking price?
    The asking price for this property is $1,058,508.
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    Spanish Sun Way Block 1 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
    Spanish Sun Way Block 1 Meridian, ID 83642
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