Meridian, ID 83642 1475 E Franklin Rd
$1,700,000



7 more








Presented By: Idaho Life Real Estate
Home Details
Incredible 2.4-acre development opportunity located in an Idaho Opportunity Zone, offering potential tax advantages for investors/developers. The site is fully entitled with R-40 zoning and a 2-year Conditional Use Permit (with extension options) to build 36 apartment units across three-story buildings with 73 parking spaces. City water, sewer, electrical, and pressurized irrigation are available at the property. The approved site plan and entitlements reduce both design time and development risk, allowing a buyer to move quickly toward construction. Ideally located at Franklin and Locust Grove, within a 5-minute drive to the freeway, The Village at Meridian, St. Luke’s Hospital, Storey Park, schools, shopping, and less than 1/4 mile from a transit stop. This is a rare chance to step into a ready-to-build project in one of Meridian’s most accessible and growing areas.
Presented By: Idaho Life Real Estate
Interior Features for 1475 E Franklin Rd
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NNo
Basement (Y/N)No
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
Heating Y/NNo
General for 1475 E Franklin Rd
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquare Feet
Carport Y/NNo
CityMeridian
CountyAda
Current Use5+ Units
DirectionsEastbound on Franklin Rd. Last driveway on Right before Locust Grove.
Elementary School DistrictWest Ada School District
FreeholdBBO, IDX
Garage Y/NNo
HOANo
High School DistrictWest Ada School District
Home Warranty Y/NNo
Land Lease Y/NNo
LeasableAreaUnitsSquare Feet
Legal DescriptionSee Exhibit A
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet104108.4
Lot Size UnitsAcres
MLS AreaMeridian NE - Boise NW - 1020
Middle/Junior School DistrictWest Ada School District
ModificationTimestamp2025-06-08T06:02:45.600Z
New ConstructionNo
OwnershipFee Simple
Property Attached Y/NNo
Property SubtypeUnimproved Land
Property TypeLand
Senior Community Y/NNo
SewerSewer-Proposed
Showing InstructionsDrive By (Land Only)
Standard StatusActive
StatusActive
Subdivision Name0 Not Applic.
Tax Annual Amount1636.3
Tax Year2024
UtilitiesElectricity Available, Natural Gas Not Available, Electricity Connected, Sewer Connected, Underground Utilities
Zoning DescriptionR40
Exterior for 1475 E Franklin Rd
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Features1 Acre - 4.99 Acres, Level
Lot Size Acres2.39
Lot Size Area2.39
Road Frontage TypeRoad Frontage
SpaNo
Water SourceCity Service
Waterfront Y/NNo
Additional Details
Price History

Jesus Yerena Delgado
Agent