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Listed by Ryan Olsen • Mountain Retreat Real Estate
$ 2,250,000
Est. payment /mo
Active
516 riverside Pocatello, ID 83204
3.03 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 582945
Lot Size 3.030 Acres
Property Sub-Type Commercial
Property Description
Zero entitlement risk. Zero delay. Zero guesswork. Aspen Apartments at 516 Riverside Drive, Pocatello, Idaho is one of the most compelling shovel-ready multifamily development opportunities in Southeast Idaho — fully approved, permit-ready, and available now at $2,250,000. All engineering, civil plans, and entitlements transfer with the sale, eliminating 18 to 36 months of municipal processing and $300,000 to $600,000 in typical pre-development soft costs. A qualified developer can move from acquisition to groundbreaking with minimal delay. The site sits along the Portneuf River corridor, steps from Sacajawea Park trails, minutes from Idaho State University's 13,933-student campus, and within easy reach of Portneuf Medical Center — three of the most reliable demand drivers in any multifamily market. With over 37% of Pocatello's rental stock built before 1980 and ISU on-campus housing at 100% capacity, the case for modern product here writes itself. Estimated construction cost: $10,000,000. Stabilized asset value projection: $12,500,000–$15,000,000. The numbers work. The approvals are in hand. The only thing missing is you.
Location
State ID
County Bannock
Zoning Neighborhood Comm/Pro
Exterior
Topography Corner Lot,Wooded
Building
Sewer City Sewer-Stubbed to Lot
Schools
Elementary Schools Jefferson
Middle Schools Irving
High Schools Pocatello
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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