1475 E Franklin Rd
Meridian, ID 83642
Map
- – beds
- – baths
- – sqft
- ~2 acre lot
- – on site
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.
Last checked:
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Last updated Jun 8, 2025
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MLS# 98949803 —
The Building
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:Cash
Location
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Directions:Eastbound on Franklin Rd. Last driveway on Right before Locust Grove.
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Latitude:43.603592
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Longitude:-116.375955
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Coordinates:-116.375955, 43.603592
The Property
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Parcel Number:S1118110051
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Property Type:Land
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Property Subtype:Unimproved Land
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Zoning Description:R40
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Current Use:5+ Units
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Lot Features:1 Acre - 4.99 Acres
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Lot Size Area:2.39
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Lot Size SqFt:104108.4
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Lot Size Acres:2.39
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Lot Size Units:Acres
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View:false
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Waterfront:false
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Road Frontage Type:Road Frontage
Listing Agent
- Contact info:
- Agent phone:
- (208) 890-6242
- Office phone:
- (208) 631-6930
Taxes
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Tax Year:2024
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Tax Annual Amount:1636.3
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Tax Legal Description:See Exhibit A
Utilities
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Utilities:Electricity Available
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Sewer:Sewer-Proposed
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Water Source:City Service
Schools
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Elementary School District:West Ada School District
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Middle Or Junior School District:West Ada School District
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High School District:West Ada School District
The Community
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Subdivision Name:0 Not Applic.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
