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185 S Locust Grove Rd - Development Land in Opportunity Zone 1.42 Acres of Residential Land Offered at $925,000 in Meridian, ID 83642

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INVESTMENT HIGHLIGHTS

VERY high visibility; 150 ft streetfront to arterial road
1.42 acres

flexible zoning opprotunity

EXECUTIVE SUMMARY

Extremely rare opportunity to develop over 1 acre of land in central meridian on arterial street! Tax incentivized opportunity zone parcel, street front to Locust grove, just south of the Franklin intersection. 1.42 Premium, High-Exposure Acres.
Currently zoned RUT, choice is yours where to seek new zoning. Future Land Use map indicates MU-C (See cut sheet in Docs for examples). Zoning directly north is R-40; south and west is Light Industrial.
NO CC&Rs. Stubbed for public utilities.
2.5 miles to The Village, 2.3 miles to I-84 on/off ramp, 1.5 miles to downtown Meridian.This property includes a 2552sf split level, dug out brick home and a 20x30 insulated shop.
Check docs for more information on incredible Opportunity Zone tax incentives for developers, as well as information on current and FLUM zoning.

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zoningmap

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cut-sheet-mu-c

PROPERTY FACTS

Price	$925,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Commercial Industrial Retail Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Bank Contractor Storage Yard Convenience Store Distribution Fast Food Garden Center Hold For Development Hold For Investment Horse Stables Industrial Live or Work Unit Lodge or Meeting Hall Loft or Creative Space Lumberyard Movie, Radio or Television Studio Neighborhood Center Office Park Open Space Parking Lot Restaurant Retail Warehouse Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Warehouse Pasture Ranch Single Family Residence
Sale Condition	Redevelopment Project	Total Lot Size	1.42 AC
No. Lots	1	No. Stories	2
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RUT - Zoned RUT but no annexed into city. Future land map indicates MU-C (See docs) Parcel directly north is R-40. South and west is Light Industrial.

Price	$925,000
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Industrial Retail Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Bank Contractor Storage Yard Convenience Store Distribution Fast Food Garden Center Hold For Development Hold For Investment Horse Stables Industrial Live or Work Unit Lodge or Meeting Hall Loft or Creative Space Lumberyard Movie, Radio or Television Studio Neighborhood Center Office Park Open Space Parking Lot Restaurant Retail Warehouse Self Storage Single Family Development Storefront Storefront, Retail or Office Storefront, Retail or Residential Warehouse Pasture Ranch Single Family Residence
Total Lot Size	1.42 AC
No. Stories	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RUT - Zoned RUT but no annexed into city. Future land map indicates MU-C (See docs) Parcel directly north is R-40. South and west is Light Industrial.

1 LOT AVAILABLE

Lot

Price	$925,000	Lot Size	1.42 AC
Price Per AC	$651,408.45

Price	$925,000
Price Per AC	$651,408.45
Lot Size	1.42 AC

Developable 1.42 acres of land street front to Locust Grove Rd, an arterial road in central meridian! Prime location. Tax incentivized opportunity zone. 150 ft STREET FRONT. Flexible zoning possibilities.