1. Idaho
2. Meridian
3. 1475 E Franklin Rd

1475 E Franklin Rd, Meridian, ID 83642

Property Description

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.

Listing Status:

Active

Date Added:

June 5, 2025 at 05:00AM

Listing Office:

Idaho Life Real Estate : 208-631-6930

Listing Agent:

Shelby Matson : 208-890-6242

MLS ID:

98949803

Location

• Road/Access: Road Frontage
• Originating MLS: IMLS 2
• School District: West Ada School District
• County: Ada

Lot

Utilities

Financial

This listing courtesy of Shelby Matson, Idaho Life Real Estate