Technical
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Property profile

0 Spanish Sun Way Block 1 Meridian, ID 83642

OFF-MARKET
Land
1.35 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.35 ac (58,588 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 1 Meridian, ID 83642
Meridian metro
Google Maps

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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