$950,000
For Sale

185 S Locust Grove Rd

Meridian, ID 83642
Browse 11 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Extremely rare opportunity to develop over 1 acre of land in central meridian on arterial street! Tax incentivized opportunity zone parcel, street front to 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. 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 split level, dug out brick home and 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.

  • Property Details
      • Utility FeaturesNatural Gas Connected
      • Lot Description1 Acre - 4.99 Acres
      • Property SubtypeUnimproved Land
      • Subdivision0 Not Applic.
      • Property TypePurchase
      • MLS #98923308
      • MLS #98923308
      • Taxes Annual$2,897
      • Cost950000
      • Acres1.42
      • CountyAda

Location

Jennie Finlay & CompanyJennie Finlay & Company
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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