Property summary
This exceptional 1.35-acre parcel presents a unique investment opportunity in the heart of Boise, Idaho. Situated just minutes from downtown, this land offers unparalleled access to Boise's vibrant city center, encompassing a diverse range of dining, shopping, entertainment, and cultural attractions. The property is ideally positioned to capitalize on the strong demand for multi-family housing in this thriving urban area. City of Boise approvals are already in place for a proposed 78-unit multi-family development, streamlining the development process and minimizing potential delays. This pre-approved plan provides a solid foundation for a swift and efficient project launch, allowing for immediate commencement of construction upon acquisition. The substantial lot size allows for ample space to create a high-quality residential community, catering to a wide range of residents. This is a rare chance to acquire a fully permitted development site in a highly sought-after location, promising significant returns on investment. The convenience of the downtown proximity, coupled with the streamlined development process, makes this an exceptional opportunity for experienced developers seeking a prime location for a lucrative multi-family project. The existing approvals significantly reduce risk and expedite the timeline to completion, making this a compelling investment proposition. This offering is for the land only
Property profile
VerifiedCap rate & NOI
Current use
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Holding Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-2D · Boise, IDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C-2D in Boise, ID.
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Find the owner behind the property.
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