5003 Alworth St Garden City, ID 83714
- Commercial real estate
- 1.57 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5003 Alworth St
- Lot size
- 1.57 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.57-acre parcel in Garden City, Idaho, presents a unique opportunity for multifamily development. Located at 5003 Alworth St, in Ada County, zip code 83714 (43.645603, -116.2645809), this C-2 zoned land boasts an approved plan for a 110-unit multifamily residential complex, approved on February 26, 2024. Its prime location offers unparalleled convenience, situated just steps from the greenbelt and within walking distance of upscale retail, restaurants, and breweries. A less than 10-minute commute to downtown Boise adds to its desirability. The approved development plan includes exclusive amenities designed to enhance resident lifestyles. These amenities encompass a thoughtfully designed courtyard featuring a pet park, and a rooftop deck complete with a community garden and unobstructed views of the Boise foothills. This project qualifies for the Low-Income Housing Tax Credit (LIHTC) program, presenting an attractive financial incentive for developers. This is a rare opportunity to capitalize on the high demand for multifamily housing in this thriving area of Garden City. The property's size and location make it an ideal investment for developers seeking a high-return project in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garden City
- County
- Ada
- State
- Idaho
- Longitude
- -116.2645809
- Latitude
- 43.645603
