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Property profile

0 Spanish Sun Way Block 2 Meridian, ID 83642

OFF-MARKET
Land
0.5 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 0.5 ac (21,736 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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