Avenida Del Rio Drive, Twin Falls

$6,540,000

0 Bed
0 Bath
8.62 Acres
0 Garage

Multi-family development land located in a growing area in Southern Idaho - Twin Falls. 8.62 Acre lot in prime location, close to the canyon rim, major retailers, restaurants, the College of Southern Idaho & Interstate I-84. Surrounded by new, existing and expanding multi-family developments, Rivercrest Apartments to the north recently completed a 100 unit expansion. Easy access to Pole Line and Blue Lakes Boulevard. Twin Falls Canyon Rim Set-Back Requirements do not apply. Project is “Fully Vested” for 314 multi-family units in four buildings, each in a four story configuration: A. First step of the entitlement process, “The P&Z Development Agreement” in place - B. Buyer can step in and participate in the remaining required legislative approval. The next step is the “Site Only Commercial Permit Application” which only requires staff approval. At this stage, the buyer submits their own architectural renderings, site plans, unit mix, and elevations. Upon approval of this stage, construction can begin.

Essential Information
MLS® #98860448
Price$6,540,000
Bathrooms0.00
Acres8.62
TypeLand
Sub-TypeUnimproved Land
StatusActive
Community Information
AddressAvenida Del Rio Drive
AreaTwin Falls - 2015
SubdivisionWestpark Commercial
CityTwin Falls
CountyTwin Falls
StateID
Zip Code83301
On Golf CourseN
Has ViewY
Amenities
WaterfrontPond/Stream/Creek
Has RV ParkingN
Utilities

Electricity Available, Natural Gas Connected, Phone Connected, Cable Connected, Electricity Connected, Overhead, Sewer Connected, Underground Utilities, Other

Interior
Has Two BedroomsN
Exterior
Has Shop / ShedN
Lot Description

5 Acres - 9.9 Acres, Irrigation, Level, Pasture, Surveyed, Views, Other, Canyon Rim

Additional Information
Date ListedAugust 15th, 2022
Days on Market196
ZoningC1 Zoning - Commercial Hi
Office

Cushman & Wakefield Pacific Commercial Realty Advisors

Property History
Status Changed from Back on Market to Active
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Listing information last updated on March 26th, 2023 at 8:22am MDT.