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    Spanish Sun Way Block 2 Meridian, ID 83642

    Sponsored
    For Sale
    $533,174

    Prime South Meridian commercial lot, .68 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.68-acre commercial lot, located in the desirable Artemisia Subdivision (Block 2, Lot 3), presents a unique investment opportunity in the rapidly expanding South Meridian market. Situated on S Spanish Sun Way in Ada County, Idaho (zip code 83642), this property boasts a C-G zoning designation, allowing for diverse industrial and retail development possibilities. The lot's strategic location offers unparalleled access to major transportation arteries, including convenient proximity to the Meridian Road and Ten Mile interchanges of I-84, placing it within a 20-minute drive of the entire Boise MSA. Benefit from high visibility and strong consumer traffic with its Overland Road frontage, situated between the Meridian Road and Ten Mile interchanges. The area is already home to established retailers such as Walmart, Lowe's, and Scheels Sporting Goods, ensuring a robust customer base for any development. This parcel is part of a larger development plan approved in 2024, encompassing 24 commercial lots, 49 multi-family unit permits, and 653 single-family residence lots, further solidifying its potential for significant appreciation. The APN is R0525200140. This is an exceptional opportunity to acquire a prime commercial lot in one of Idaho's fastest-growing areas. The asking price is $533,174.

    Property Features for 0 Spanish Sun Way Block 2

    General Information

    Property type
    Industrial land
    Lot Size
    29,621 SF

    HighLights

    • 0.68‑acre commercial lot in the Artemisia Subdivision (Block 2, Lot 3), Ada County, ID (83642).
    • C‑G zoning allows for diverse industrial and retail development.
    • High‑visibility location on S Spanish Sun Way with Overland Road frontage, near I‑84 interchanges.
    • Strong consumer traffic and proximity to established retailers (Walmart, Lowe's, Scheels).
    • Part of a larger approved development (24 commercial lots, 49 multi‑family, 653 single‑family lots).
    • APN: R0525200140.
    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
    -116.41646228188
    Latitude
    43.590209064039

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    FAQs

    What type of property is this?
    Industrial land - Prime South Meridian commercial lot, .68 acres.
    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 $533,174.
    What are key features of this property?
    This property features: 0.68-acre commercial lot in the Artemisia Subdivision (Block 2, Lot 3), Ada County, ID (83642).; C-G zoning allows for diverse industrial and retail development.; High-visibility location on S Spanish Sun Way with Overland Road frontage, near I-84 interchanges.
    (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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