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4841 Vicenza Way
Meridian, ID 83646
Bridgetower · Land For Sale
·
16.61 AC
INVESTMENT HIGHLIGHTS
- Approved for 130 Townhomes & 89 Unit Apartment.
- 1 block to major intersection and amenities
- Rapid Population Growth
- Prime Meridian Multifamily Development Site
- Fully Entitled & Ready for Construction
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 16.61 AC |
| Zoning | R-15 - R-15 - City of Meridian | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 16.61 AC |
| Zoning | R-15 - R-15 - City of Meridian |
1 LOT AVAILABLE
Lot
| Lot Size | 16.61 AC |
| Lot Size | 16.61 AC |
DESCRIPTION
CBRE, Inc has been retained as the exclusive advisor to present Bridgetower Development Land, a premier 16.61 Acre suburban residential development opportunity located in the highly desirable North Meridian neighborhood. Apartment developers will be able to capitalize on this fully entitled multifamily site and deliver at the prime time. The development pipeline in Meridian is shrinking with 60% less deliveries of multifamily in fourth quarter of 2024 than at the peak. New construction starts have trailed off while Boise and Meridian’s population growth is still outpacing the national average. Meridian and Boise have seen a 8.5% and 4.5% population growth since 2020 respectively and are projected to see a 22% and 15% increase in population over the next 10 years. The rent versus owning gap is at an all time high increasing the necessity to rent. This site provides developers an attractive opportunity to develop a project in one of the fastest growing cities in the United States.
PROPERTY TAXES
| Parcel Number | S0427438410 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,234,400 |
PROPERTY TAXES
