Listed by NAI Select
Unpriced
1625 E. Bentley Dr
Details
Property Type Retail, Multifamily
Sub Type Commercial, High-Rise
Square Footage 260,000
Units 48
Acreage 1.743
Investment Type Redevelopment
Retail | 260,000 SqFt
Marketing description
This ±1.74-acre development opportunity located at 1625 E. Bentley Dr., 1021 & 1080 S. Truss Pl. in Meridian, Idaho offers a flexible investment site positioned in one of the Treasure Valley’s fastest-growing corridors. The property has been rezoned Commercial, allowing a range of potential uses including office, flex, and light commercial development, while multi-family residential is possible through a Conditional Use Permit (CUP). Concept plans have been prepared for a 48-unit apartment project consisting of either four 12-plex buildings or two 24-plex buildings, presenting a compelling opportunity for student housing given strong demand from nearby institutions including the Idaho College of Osteopathic Medicine (ICOM) and Idaho State University programs in the area. Alternatively, the site may be developed for flex or office space similar to nearby projects along the Locust Grove corridor, providing optionality for investors and developers seeking exposure to Meridian’s expanding employment and residential growth.
Delve into the vibrant city of Meridian, ID, where Bentley and Truss offer a captivating blend of urban amenities and natural splendor. Nestled within this dynamic location, residents will appreciate close proximity to The Village at Meridian, a popular destination offering an array of shopping, dining, and entertainment options. The nearby Julius M. Kleiner Memorial Park provides a serene retreat with its spacious green areas and community events. Boasting a mix of urban conveniences and scenic charm, the area presents an alluring prospect for Multifamily / High-Rise investors seeking a desirable investment in the bustling Meridian market.
Investment highlights
- Recently rezoned commercial, allowing for a variety of development opportunities
- Multi-Family potential with conditional use permit (CUP)
- Concept plans for 48 units including either four 12-plex buildings or two 24-plex buildings
- Strong student housing opportunity near Idaho College of Osteopathic Medicine (ICOM) and Idaho State University programs
- Alternative development concept for flex/office/industrial space similar to nearby projects along Locust Grove
- Strategic location near Locust Grove corridor with excellent regional access
- Growing Meridian submarket surrounded by expanding residential and institutional demand drivers
- Conceptual site plans available for both multifamily and flex development scenarios
Listing Contacts
Listed by NAI Select
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