7 Modern Townhomes | 22 Multi-family Units | 0.88 Acres
Prime Development Opportunity | Approved 29-Unit Residential Project
Discover an exceptional investment opportunity in the heart of Garden City's rapidly expanding residential landscape. Carolyn's Circle is a fully entitled, shovel-ready development site approved for a 12-lot Planned Unit Development (PUD) featuring a mix of 7 modern townhomes and 22 multi-family units, totaling 29 high-demand dwelling units. Spanning over 22,055 square feet of residential space, this project is designed to meet the growing need for diverse housing options in the Boise metropolitan area. As a listing broker from H2 Development Group, we are proud to present this turnkey site, complete with city approvals and conceptual plans ready for implementation (all renderings and plans subject to final verification and potential modifications).
Strategically positioned at 3981 N. Reed Street and 415 E. 40th Street in Garden City, Idaho, this property sits just one block from the scenic Boise River, offering residents easy access to outdoor recreation, walking paths, and the natural beauty of the area. The site is nestled alongside established developments like Arabella Lofts and Violets Crossing, enhancing its appeal in a vibrant, mixed-use neighborhood. Surrounding uses include single-family homes, multi-family complexes, manufactured home parks, and public amenities such as Blue Heron Park, providing a balanced community environment. Convenient ingress and egress are facilitated via a common private drive with entrances from both E. 40th Street and N. Reed Street, ensuring seamless connectivity to major thoroughfares like Chinden Boulevard and downtown Boise. Garden City's ongoing urban renewal initiatives south of Chinden Boulevard further position this site for long-term value appreciation in a fast-growing suburb.
Site Details and Zoning
Land Area: Approximately 0.88 acres (combined 0.640 acres and 0.240 acres), providing an efficient footprint for high-density residential development.
Zoning: R-3 Medium Density Residential, with a Comprehensive Plan designation of Mixed Use Residential, supporting a variety of housing types and efficient land utilization.
Density: Approved at 33 dwelling units per acre, maximizing yield while maintaining community harmony.
Development Highlights
This PUD emphasizes variety in housing, efficient infrastructure, and preservation of natural features, aligning with Garden City's development code. Key elements include:
Unit Breakdown: 7 single-family attached townhomes for ownership opportunities and 22 multi-family apartments for rental income potential, catering to first-time buyers, families, and young professionals.
Building Design: Contemporary architecture with flexible floor plans; townhomes and apartments designed for modern living, including options for 1-2 bedrooms in similar nearby projects by H2 Development Group. Heights and setbacks optimized with approved waivers (e.g., 0' interior setbacks) to enhance density without compromising aesthetics.
Parking: 43 vehicular spaces (36 enclosed garages and 7 surface spots), plus 12 bicycle parking areas.
Browse More Properties For Sale
