516 riverside, Pocatello, ID 83204
516 riverside, Pocatello, ID 83204
516 riverside, Pocatello, ID 83204
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Listed by Ryan Olsen • Mountain Retreat Real Estate
$2,250,000
Est. payment /mo
3.03 Acres Lot
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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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Nearby Locations

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Dustin Hawkins

Dustin Hawkins

+1(208) 821-2832

Broker Idaho Broker License DB46635Wyoming Broker License RE-17396

Broker Idaho Broker License DB46635Wyoming Broker License RE-17396

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