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Residential Land for Sale in Pocatello, Idaho

516 Riverside, Pocatello, ID 83204

$2,250,000
3 acres
Active sale
ago
Est $15,267/mo

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.

Location

Street address
516 Riverside
Zip code
83204
Community
West Pocatello
Elevation
4,435 feet
Coordinates
42.8738, -112.4705

Property details

Acreage
3.03 acres
Zoning
Neighborhood Comm/Pro
MLS #
GPAR 582945
Posted

Property taxes

Recent
$1,194

Details and features

Listing

Type
Land

Lot

Features
Low Traffic

Nearby schools

NameType
JeffersonElementary
IrvingMiddle
PocatelloHigh

Listing history

DateEventPriceChangeSource
June 29, 2026New listing$2,250,000GPAR
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This 3.03-acre property is located at 516 Riverside in Pocatello, ID 83204. The land is available for sale, priced at $2,250,000 — $742,574 per acre.

Listed by Mountain Retreat Real Estate, (208) 339-3200

Checked 1 hour agoUpdated

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