$1,700,000

1475 E Franklin Rd, Meridian, ID 83642

2.39 acres

zone

Listed by Idaho Life Real Estate, Shelby Matson

Status: Active

MLS® #98949803

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.

QUICK OVERVIEW

225 Days on website
2.39 acres lot

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

FINANCIAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Shelby Matson

Listing Office Idaho Life Real Estate, 208-631-6930

Updated Thursday, March 5, 2026 at 12:00:33 AM

Intermountain Multiple Listing Service Inc

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All MLS listings are marked with the IDX icon for Intermountain MLS (IMLS). Information provided by IMLS is deemed reliable but not guaranteed. Copyright © 2026 Intermountain MLS (IMLS). All rights reserved.

NEIGHBORHOOD

About the Meridian Neighborhood

Meridian offers a slower-paced environment. The noise levels in Meridian are especially low, as the streets are generally very tranquil. Parks aren't well-distributed, making it occasionally difficult to reach them. Still, there are a few public green spaces close by for residents to check out, like Julius M. Kleiner Memorial Park and Storey Park.

Learn more about Meridian

Car friendly

Excellent access to freeways and/or major arteries, with almost no chance of parking problems

High Schools

At least one high school within a 10-minute walk

Elementary Schools

At least one elementary school within a 15-minute walk

Daycares

At least one daycare within a 15-minute walk

Parks

Large amount of park space nearby

CLIMATE RISK FOR 83642

PROPERTY HISTORY FOR 1475 E Franklin RD

BUYING

How Much Should You Offer on a House?

September 3, 2025

BUYING

10 Tips for Getting the Best Mortgage Rate

June 18, 2025

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1475 E Franklin Rd, Meridian, ID 83642