5003 Alworth StGarden City, ID 83714

For Sale
Call for price

1.57 Acres, Approved 110 Units, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 1.57-acre parcel in Garden City, Idaho, presents a unique opportunity for multifamily development. Located at 5003 Alworth St, in Ada County, zip code 83714 (43.645603, -116.2645809), this C-2 zoned land boasts an approved plan for a 110-unit multifamily residential complex, approved on February 26, 2024. Its prime location offers unparalleled convenience, situated just steps from the greenbelt and within walking distance of upscale retail, restaurants, and breweries. A less than 10-minute commute to downtown Boise adds to its desirability. The approved development plan includes exclusive amenities designed to enhance resident lifestyles. These amenities encompass a thoughtfully designed courtyard featuring a pet park, and a rooftop deck complete with a community garden and unobstructed views of the Boise foothills. This project qualifies for the Low-Income Housing Tax Credit (LIHTC) program, presenting an attractive financial incentive for developers. This is a rare opportunity to capitalize on the high demand for multifamily housing in this thriving area of Garden City. The property's size and location make it an ideal investment for developers seeking a high-return project in a desirable location.

Highlights

  • 110-unit multifamily property approved February 26, 2024.
  • Prime greenbelt location.
  • Walking distance to upscale amenities.
  • Less than 10-minute drive to downtown Boise.
  • Courtyard with pet park, rooftop deck with community garden, and Boise foothills views.
  • High-demand location, excellent investment opportunity.

Property Details for 5003 Alworth St

Property type
Other land, Land
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Garden City
County
Ada
State
Idaho
Latitude
43.645603
Longitude
-116.2645809
5003 Alworth St, Garden City, Idaho

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5003 Alworth St
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