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651 Memorial Dr. 3.97 Acres of Commercial Land Offered at $6,000,000 in Pocatello, ID 83201
Investment Highlights
- Adjacent to Idaho State University with easy access to campus, downtown amenities, retail, and transit.
- Growing need for modern, off-campus housing that supports both academic and lifestyle preferences.
- Ideal for student housing or multifamily, w/ capacity for a large-scale, amenity-rich project including courtyards, study spaces, & structured parking
- Ability to deliver a large-scale residential project within an established, high-demand student market.
Executive Summary
Lee & Associates, Idaho LLC is pleased to present a Premier Student Housing development opportunity near Idaho State University in Pocatello. With a growing student population and limited housing supply, demand for quality off-campus housing continues to rise. This campus-adjacent site is well-suited for a purpose-built student housing project, offering the scale to accommodate a high-density, amenity-rich community with features such as study spaces, courtyards, and structured parking. Positioned along a high-visibility corridor with convenient access to campus and nearby amenities, the property presents a strategic opportunity to meet sustained demand and deliver strong returns in a constrained housing market.
Property Facts
| Price | $6,000,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 3.97 AC |
| Zoning | RCP | ||
| Price | $6,000,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.97 AC |
| Zoning | RCP |
1 Lot Available
Lot
| Price | $6,000,000 | Lot Size | 3.97 AC |
| Price Per AC | $1,511,335.01 |
| Price | $6,000,000 |
| Price Per AC | $1,511,335.01 |
| Lot Size | 3.97 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,910 | |
| Land Assessment | $492,203 | Total Assessment | $498,113 |
Property Taxes
Parcel Numbers
Land Assessment
$492,203
Improvements Assessment
$5,910
Total Assessment
$498,113
Contacts
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Parker Brakebill -
Drey Campbell -
Jason O'Very -
Michael Kane -
Lee & Associates Idaho, LLC
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