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Property profile

3042 Milano Dr Meridian, ID 83646

OFF-MARKET
Land
Property ID
US27-0207448
1.01 ac lot
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Property summary

AI-generated overview

This exceptional 1.01-acre commercial lot presents a unique investment opportunity in the thriving North Meridian area of Ada County, Idaho. Located at 3042 Milano Drive, zip code 83646, this property boasts a highly desirable L-O (Limited Office) zoning designation, opening doors to a variety of commercial and office uses. The land is priced at $659,934, translating to $15 per square foot. Its strategic location within a rapidly expanding area offers significant growth potential. The surrounding area showcases strong retail synergy, with nearby establishments including a Walmart Supercenter, St. Luke's Clinic, Broken Yolk, Sweeto Burrito, and soon-to-open Costco and Winco. This prime location benefits from exceptional demographics, featuring strong household incomes averaging over $180,000. The property's accessibility and proximity to established businesses make it an ideal site for a variety of commercial ventures. This is a rare chance to acquire a well-situated commercial lot in one of Idaho's most dynamic and prosperous communities. Don't miss this opportunity to capitalize on the growth and potential of North Meridian.

Property profile

Verified
Property type Land
Lot 1.01 ac (43,996 SF)
UPID US27-0207448

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3042 Milano Dr Meridian, ID 83646
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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