About 1475 E Franklin Rd
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.
Features of 1475 E Franklin Rd
| MLS® # | 98949803 |
|---|---|
| Price | $1,700,000 |
| Acres | 2.39 |
| Type | Land |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | 1475 E Franklin Rd |
|---|---|
| Area | Meridian NE - Boise NW - 1020 |
| Subdivision | 0 Not Applic. |
| City | Meridian |
| County | Ada |
| State | ID |
| Zip Code | 83642 |
Amenities
| Utilities | Electricity Available, Natural Gas Not Available, Electricity Connected, Sewer Connected, Underground Utilities |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Has A View | No |
| Has a Golf Course | No |
| Master Bedroom on Main | No |
| Land Use | 5+ Units |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | 1 Acre - 4.99 Acres, Level |
|---|
School Information
| District | West Ada School District |
|---|
Additional Information
| Date Listed | June 5th, 2025 |
|---|---|
| Days on Market | 48 |
| Zoning | R40 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $1,636 |
Listing Details
| Office | Idaho Life Real Estate |
|---|---|
| Contact Info | garrett@idaholife.com |