0 21St St Heyburn, ID 83336
This exceptional investment opportunity presents a shovel-ready, fully approved 48-unit multifamily development on a 1.73-acre lot in Heyburn, Idaho. Located at TBD 21st Street, this prime property boasts a strategic location directly off I-84, providing convenient access to major transportation routes. The development plan includes two three-story buildings, totaling 75,359 square feet, and is part of a larger mixed-use project adjacent to a Walmart. All necessary approvals and permits are in place, including certified construction drawings, and survey and engineering work is complete. This Phase 1 development is approved as part of a larger 312-unit project, with an additional 264 units planned for Phases 2 and 3 on adjacent land. The property's zoning (C-G, General Commercial, light industrial) allows for flexibility and future expansion. Enjoy mountain views and proximity to the river, as well as convenient access to local retail, restaurants, and services. This is a prime opportunity to capitalize on Idaho's significant growth, offering a strong return on investment in a thriving market. The asking price for this turn-key development is $850,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.