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    Spanish Sun Way Block 1 Meridian, ID 83642

    Sponsored
    For Sale
    $1,171,764

    Prime 1.345-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.345-acre parcel, located in the highly sought-after Artemisia Subdivision (Block 1, Lot 4) in Meridian, Idaho, presents a unique investment opportunity. Situated on S Spanish Sun Way, this property boasts a coveted C-G zoning designation, opening doors to a variety of commercial development possibilities, including industrial and retail uses. The land is conveniently located between the Meridian Road and Ten Mile interchanges of Overland Road, providing excellent visibility and accessibility. Its strategic position offers close proximity to major retailers such as Walmart, Lowe's, and Scheels Sporting Goods, ensuring high traffic and consumer visibility for any developed project. The Artemisia Subdivision is experiencing significant growth, with approvals in place for 24 commercial lots, 49 multi-family units, and 653 single-family residences in 2024. This underscores the area's robust expansion and the potential for strong returns on investment. The property's location within the Boise MSA, with easy access to two I-84 interchanges and a short drive to most of the MSA, further enhances its appeal. The Ada County APN is R0525200080. This is a rare chance to acquire a strategically located parcel in a rapidly developing area, making it an attractive proposition for discerning investors and developers. The asking price is $1,171,764. Don't miss this opportunity to secure a piece of Meridian's thriving commercial landscape.

    Property Features for 0 Spanish Sun Way Block 1

    General Information

    Property type
    Industrial land
    Lot Size
    58,588 SF

    HighLights

    • $1,171,764 asking price for 1.345 acres of land.
    • Industrial and retail development permitted.
    • C‑G zoning.
    • Located in Meridian, ID, Ada County (APN: R0525200080).
    • Address: S Spanish Sun Way, Block 1, Lot 4, Meridian, ID 83642.
    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
    -116.4163148
    Latitude
    43.5901372

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    FAQs

    What type of property is this?
    Industrial land - Prime 1.345-acre lot, ideal for development.
    Where is this industrial 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 $1,171,764.
    What are key features of this property?
    This property features: $1,171,764 asking price for 1.345 acres of land.; Industrial and retail development permitted.; C-G zoning.
    (208) 493-5110
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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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