Property profile

701 Central Dr Meridian, ID 83642

OFF-MARKET
Land
Property ID
US27-0121819
1.35 ac lot
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Property summary

AI-generated overview

This exceptional 1.35-acre commercial land parcel presents a unique investment opportunity in Meridian, Idaho's thriving commercial district. Located at 701 E. Central Drive, this property is zoned C-G General Retail and Service Commercial District, offering significant flexibility for development. The asking price is $573,000, translating to a land value of $9.77 per square foot. This prime location boasts easy access to Interstate 84, ensuring high visibility and convenient access for customers and employees. The site is situated within Meridian's opportunity zone, potentially offering attractive tax benefits for investors. This is one of the last remaining undeveloped pad sites along Meridian's main commercial corridor, surrounded by a diverse mix of established businesses, including professional offices, retail establishments, government buildings, and educational institutions. This strategic location ensures high traffic volume and strong potential for future growth. The property's 1.35-acre size provides ample space for a variety of commercial developments, making it an attractive proposition for businesses seeking a prominent presence in this dynamic market. The Ada County location and 83642 zip code further enhance its appeal. Don't miss this chance to acquire a highly desirable commercial property in a rapidly expanding area.

Property profile

Verified
Property type Land
Lot 1.35 ac (58,806 SF)
UPID US27-0121819

Cap rate & NOI

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

Location

701 Central Dr 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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