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.
Property Type(s):
Commercial
|
Last Updated
|
6/29/2026
|
Year Built
|
0
|
|
Community
|
West Pocatello
|
County
|
Bannock
|
SCHOOLS
| Elementary School |
Jefferson |
| Jr. High School |
Irving |
| High School |
Pocatello |
Additional Details
| AREA |
West Pocatello |
| LOT |
3.03 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Wooded |
| SEWER |
Public Sewer |
| TAXES |
1194 |
| UTILITIES |
Natural Gas Available |
Listed with Mountain Retreat Real Estate
Information is deemed reliable but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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