450 Pioneer Rd Rexburg, ID 83440
- Land
- 4.95 lot acres
Current Use by Public Records
- Land
Property Details for 450 Pioneer Rd
- Lot size
- 4.95 lot acres
- Property type
- Land
Description
This exceptional 4.95-acre parcel, located at 450 Pioneer Road in Rexburg, Idaho (APN: RPR6N39E254951), presents a unique investment opportunity. Zoned HDR1 (High Density Residential 1), this vacant land allows for up to 30 units per acre, offering significant development potential. Situated directly north of The Village Apartments, the property benefits from a prime location in Rexburg, a rapidly growing city in southeastern Idaho. Rexburg's population is approximately 37,000, experiencing a remarkable 55% growth between 2010 and 2020, making it the 4th fastest-growing micropolitan city in the US. This growth is largely attributed to the presence of Brigham Young University-Idaho, a major economic driver for the area. The university significantly impacts the city's culture and economy, contributing to a young and vibrant demographic. Beyond education, Rexburg's economy is diverse, encompassing retail, healthcare, and manufacturing sectors. The city boasts a continental climate with appealing winter snowfall, and offers various recreational opportunities, including hiking, fishing, and proximity to skiing. Conveniently located near US Route 20, and within 30 miles of Idaho Falls Regional Airport, this property offers unparalleled access and connectivity. The asking price for this exceptional development site is $1,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rexburg
- County
- Madison
- State
- Idaho
- Longitude
- -111.808
- Latitude
- 43.8164
