516 Riverside, Pocatello, ID 83204

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.