185 S Locust Grove Rd - Development Land in Opportunity Zone
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185 S Locust Grove Rd - Development Land in Opportunity Zone
1.42 Acres of Residential Land Offered at £869,011 in Meridian, ID 83642
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.
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.
Property Facts
| Price | £869,011 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 1.42 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | £869,011 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.42 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £869,011 | Lot Size | 1.42 AC |
| Price Per AC | £611,980 |
| Price | £869,011 |
| Price Per AC | £611,980 |
| 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.
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zoning
| Zoning Code | 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.) |
| 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.) |
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Lynzey Uechi -
Silvercreek Realty Group
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185 S Locust Grove Rd - Development Land in Opportunity Zone
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