9000 Chinden Blvd Meridian, ID 83646
This exceptional 8.88-acre commercial land parcel, located at 9000 W. Chinden Blvd in Meridian, Idaho (APN S0419347100), presents a unique investment opportunity. Zoned RUT, this property boasts unparalleled access to the recently widened Highway 20/26 (Chinden Boulevard), transitioning from two to five lanes with a center turn lane, significantly improving traffic flow. The anticipated completion of this highway expansion is in 2024. This prime location offers direct access to the highway, a distinct advantage not shared by all properties in the area. Situated between Can-Ada and Star Road, the property enjoys high visibility and proximity to major retailers like Costco and WinCo, as well as the growing downtown Star area. The site benefits from approximately 21,515 vehicles passing daily. Its strategic position, roughly one mile west of the new Highway 16/Highway 20/26 intersection, provides efficient connectivity between Boise and Caldwell, bypassing Middleton and Star, unlike the northern Highway 44 route. Future use plans may include rezoning for commercial, multifamily, and retail development, making this a versatile and highly desirable location for a variety of projects. The asking price is $2,595,000.
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.