3515 State StBoise, ID 83703

This 1-acre parcel in Boise, ID (APN S0632417243), zoned MX-3, presents a unique development opportunity. Priced at $2,100,000, the property includes complete entitlements, a topographic survey, engineering, architecture, and a full set of building plans for a 40-unit apartment complex. Initial permit review costs have already been paid, with plans submitted to the City of Boise in May and progressing through the approval process. The site boasts a high traffic count of 31,000 vehicles per day (VPD) and benefits from its location on State Street, the first major corridor in Boise to implement a Bus Rapid Transit program, providing frequent bus service. Full renderings are available. Additionally, the property includes land rights to a dual-sided billboard with Lamar Advertising, generating an average annual profit of $12,421 through 2037. Alternatively, the existing 4,043 square foot building could be repurposed as a turn-key bar and grill, making this a versatile investment for various commercial ventures. This prime location and comprehensive development package offer significant potential for immediate returns and long-term growth.