$1,360,000 $7,301 est/mo Sourced by Back At You

185 S Locust Grove Rd,Meridian, ID 83642

Meridian ID, 83642

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Description

Extremely rare opportunity to develop over 1 acre of land ON AN ARTERIAL ROAD in central meridian! This tax incentivized opportunity zone location has a remarkable STREET FRONT exposure on 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, NOT annexed into the city. 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 home with interior remodeling done in 2021. Also on property is 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.

Details

MLS#98900578
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site99
Listing Provided BySilvercreek Realty Group | Lynzey Uechi

Features

ZoningRut, future land use MU-C
Acreage1.42
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Intermountain Multiple Listing Service.

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Listings Checked: 2 minutes ago
StateID
CountyAda
CityMeridian
Zip Code83642
AreaMeridian NE
Listing VS Median (in 83642)
Price:
$1,360,000
low | high
Med:
$554,125
100% of Average
On Site:
99
low | high
Med:
14.000000
100% of Average
Sourced by Back At You
Listing Updated: May 8, 2024 at 1:11:47 AM PDT