For Sale ADA COUNTY DEVELOPMENT LAND 3157 E HUBBARD ROAD | MERIDIAN, ID JIMMY ROUMANIS JOHN STARR CLAY ANDERSON, MBA, CPA 208 472 2840 208 472 2836 208 489 6177 [email protected] [email protected] [email protected] ADA COUNTY DEVELOPMENT LAND Property Profile Address: 3157 E Hubbard Rd Meridian, Idaho 83642 Size: 222.28 Acres Parcels: S1408417200, S1409314950 & S1409347000 Price: $15,000,000 Call for Offers: Deadline is February 28th, 2020 Zoning: Currently zoned RUT (Rural Urban Transition) in ADA County Kuna comprehensive plan calls for mixed-use in the City of Nampa Annexation: Within the city of Kuna, Idaho Area of Impact Access: North- Interstate 84 and Eagle Road West- State Highway 69 and Hubbard Road East- Cloverdale Road and Hubbard Road Topography: Gently sloping, southern exposure The 222.28 Acre property is a rare opportunity to create a PUD or master plan in ADA County, Idaho and/or Annex to Kuna, Idaho. Upon annexation to the city SITE of Kuna, a developer will be able to extend municipal water and sewer utilities to the property. The majority of properties in this part of Idaho are much smaller than the acreage available here. The property has great access to Interstate 84 and Eagle Road at the employment centers of El Dorado, Silverstone and Saint Al’s Regional Medical Center in Meridian. The regional shopping area of Fairview and Eagle Road is just 15 minutes from the property. Falcon Crest Golf Course, one of the finest and most challenging golf courses in Southwest Idaho is just 7 minutes east of the property. Many outdoor activities, including fishing on the Snake River and Swan Falls Reservoir, public lands recreation activities in Southern ADA County and Owyhee County, and the cultural and community activities in the nearby state capital -Boise - are all just minutes from the property. Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Property Profile HIGHLIGHTS » Rare master plan development opportunity available in the high growth area of southwest Idaho » City of Kuna area of impact (upon annexation) » Designated mixed-use in the Kuna comprehensive plan » Views of Owyhee Mountains and Boise foothills » Kuna School District » Nearby active lifestyle amenities » Access to retail and services in both Kuna and Meridian » Convenient access to primary Treasure Valley Site to Boise Airport - 21 mins Site to Downtown Boise - 20 mins Site to I-84 Interchage - 12 mins employment centers » Adjacent to Eagle Road and easy access to SH 69 and Interstate 84 Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Call for Offers PREFERENCE WILL BE GIVEN landproDATA PDF TO OFFERS THAT PROVIDE THE FOLLOWING: » Competitive market price » Less than 90 Day feasibility » Less than 12 Month approvals » Less than 30 Day closing » $250,000 Initial earnest money deposit » Additional $250,000 hard money deposit at expiration of feasibility » Identified sources of capital (debt & equity) TARGET DATE AND TIME: Offers due by: February 28th , 2020 Submit offers to: 43°30'54.27" N 116°20'32.28" W JIMMY ROUMANIS Oct 24, 2019 - landproDATA.com The materials available at this website are for informational Scale: 1 inch approx 600 feet purposes only and do not constitute a legal document. O: 208 472 2840 C: 208 908 8998 [email protected] Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Gallery Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Demographics Site 1 Mile 3 Miles 5 Miles 10 Min Drive POPULATION 2019 Estimated Population 255 18,323 83,410 34,187 2024 Projected Population 290 20,832 94,815 38,868 2010 Census Population 260 14,554 65,299 26,705 Projected Annual Growth ‘19-‘24 2.7% 2.7% 2.7% 2.7% HOUSEHOLD 2019 Estimated Households 90 6,245 28,514 11,640 2024 Projected Households 98 6,847 31,238 12,760 2010 Census Households 86 4,701 21,342 8,633 Historical Annual Growth ‘00-‘19 8.7% 12.8% 8.9% 13.1% INCOME 2019 Est. Average HH Income $97,731 $83,831 $88,592 $89,050 2019 Est. Median HH Income $85,107 $76,737 $78,418 $78,720 MISC. 2019 Median Home Value * $303,223 $254,819 $252,841 $253,109 2019 Median Rent $1,060 $955 $966 $946 2019 Est. Median Age 33.6 33.6 34.2 33.8 2019 Average Travel Time to Work 24.4 22.8 22.2 22.3 2019 Est. Labor Population Age 16+ 188 13,733 62,545 25,650 2019 Est. Total HH Expenditure $6.29 M $390.58 M $1.86 B $760.41 M *In 2019, Meridian grew to 114,680 residents, up 8,270 people from last year, according to estimates from COMPASS, the Treasure Valley’s regional planning agency. The Boise Metro was the 2nd fastest growing metro in the past year at 2.6% and was the fastest-growing metro area outside of Florida. The median sale of a single-family home in Ada County increased 12.5% in just a year from 2018 to 2019, compared to a 4.8% 1-year change nationally during the same time period. Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Surrounding Residential Growth - Homes Planned & Under Construction Keltic The Heights Keep Skyward Southbury Ranch S C l o v e r d a l e R Patagonia d Ledgestone Winneld Lugaro Springs Terra Spring Rock Falcon Crest Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Area Overview Kuna & Meridian are two of the fastest growing areas of the Treasure Valley, both having nearly tripled in population between 2000 and 2010. The area’s undeniable quality of life, affordability and urban proximity make it one of the most desirable places to live in the West. Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Area Overview Quality of Life What about logistics? Referred to as the “Treasure Valley”, the region is home to about 675,000 There are 50 motor freight people. The workforce of roughly 330,000, live within a 45-minute draw companies traveling 5 area. Known for its extraordinary quality of life and affordable cost of living interstates, 20 U.S. highways (currently one of the lowest in the western states, according to the ACCRA and 30 state highways that Cost of Living Index), the Valley is consistently ranked by Forbes, The Wall serve the Boise Valley. More Street Journal, Livability and Inc. Magazine as one of the best places in the than 1,600 miles of rail line U.S. to live and work. through Union Pacific and Burlington Northern Santa Fe Commuting in the Valley provide connection points to The major interstate serving the Treasure Valley is I-84, running through the Canada, Mexico and the U.S. metro area’s major cities (Boise, Meridian, Nampa and Caldwell). Branching They are aided by the state’s off to the northeast is I-184, which runs into downtown Boise. Daily commutes regional line and 6 short line are easy, with several U.S. and state highways providing direct routes railroads. Annually, the rail and minimal traffic. The average commute time is only 18 minutes. Public system transports over 11 transportation is handled by ValleyRide, Treasure Valley Transit and ACHD million tons of freight. Commuteride. Recreation The Boise River runs through downtown and is accessible through a greenbelt system with over 25 miles of bike paths and 850 acres of parks. Up in Foothills you’ll find more than 135 miles of nationally acclaimed hiking and mountain biking trails that extend from the city up to Bogus Basin Ski Area. Only 17 miles from the city center Bogus Basin offers winter skiing and summer adventure. With world-class golf courses, hiking, fishing and mountain biking, the recreation opportunities are virtually unlimited within a 30-minute drive. Diversity The City of Boise has been recognized for its work welcoming over 800 new citizens (refugees) each year from over 20 foreign countries. Annual diversity events and resources include PRIDE activities, The Basque Cultural Center, Hispanic Cultural Center and the Black History Museum. More than 90 different languages are spoken in the Boise School District and the Mexican Consulate also has an office in Boise. Colliers International Idaho | 755 West Front Street, Suite 300 Boise, Idaho 83702 | www.colliers.com/idaho | 208 345 9000 ADA COUNTY DEVELOPMENT LAND Area Overview IDAHO TAX OVERVIEW Sales and Use Tax in Idaho is 6%. This would apply to items purchased or consumed in Idaho. Exemptions are available for CORPORATE equipment and raw materials used directly in manufacturing, MINIMUM INCOME TAX processing, or fabrication; clean rooms used in semiconductor and 7% $7.25/hr WAGE semiconductor equipment manufacturing; and any equipment or material used in research and development activities. SALES & USE TAX We do not tax services including telecommunication services, and 6% utilities such as water, gas, electricity, or natural gas. In our region we do not have any local option sales tax. STATE UNEMPLOYMENT INSURANCE RATE Property Tax personal (machinery/equipment) and real (land/ 1.91% buildings) – based on market value.