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Property profile

0 Spanish Sun Way Block 2 Meridian, ID 83642

OFF-MARKET
Land
0.6 ac lot
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Property summary

AI-generated overview

This exceptional 0.598-acre lot, located in the Artemisia Subdivision (Block 2, Lot 2), 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 a variety of commercial uses. The land is strategically positioned near major retailers including Walmart, Lowe's, and Scheels Sporting Goods, ensuring high visibility and accessibility. This parcel is part of a larger development plan approved for 24 commercial lots, 49 multi-family units, and 653 single-family residences, reflecting the rapid growth of the South Meridian submarket. Its location offers convenient access to two I-84 interchanges, placing it within a 20-minute drive of most of the Boise Metropolitan Statistical Area. The property's APN is R0525200120. This is a rare opportunity to acquire land in a thriving area with significant development potential. The asking price for this exceptional property is $520,978. Don't miss this chance to secure a prime location in one of Idaho's fastest-growing areas.

Property profile

Verified
Property type Land
Lot 0.6 ac (26,049 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Spanish Sun Way Block 2 Meridian, ID 83642
Meridian metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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