3126 E Victory Road, Nampa, ID 83687 For Sale

Introducing an exceptional investment opportunity in the heart of Nampa, Idaho—a proposed 300-unit apartment complex strategically located on 14.16 acres of multifamily zoned land at 3126 E Victory Rd. This project is poised to become a cornerstone of the community, offering modern living spaces in a rapidly growing area that is attracting residents seeking convenience, comfort, and quality. The property is currently zoned RMH = Multiple-Family Residential with approved plans and permits. This project is ready for development, minimizing the time to prepare plans and specifications. The project can also be purchased fully constructed for $83,000,000.00.

We are currently submitted for site improvements with the City of Nampa and anticipate final review and permit approval in approximately 30 days. The city requires approval of the site drawings before we can submit for any individual building permits. Our architect has completed the construction documents (CDs) for two of the three building types in Phase 1 and is actively working on the third building type along with the clubhouse. Once the civil/site plans receive approval, we plan to submit for all Phase 1 building permits immediately, which we expect could result in building permit approval in roughly three months (assuming a reasonable two-month city review period for the buildings). At that point, we would be able to begin vertical construction. The city has confirmed that site improvements can proceed according to the approved phasing plan; however, a significant portion of the utility work and subsurface drainage will need to be completed in conjunction with the Phase 1 scope.