Multifamily/Retail/Industrial Development Land

Investment Overview

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.

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