5003 Alworth StGarden City, ID 83714

Property Details for 5003 Alworth St

Lot size

1.57 AC

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

Garden City

County

Ada

State

Idaho

Latitude

43.6456

Longitude

-116.265

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