1100 N HIGHWAY 89 Pending Save Request In-Person Tour Request Virtual Tour
Ephraim,UT 84627
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1899082
Annual Tax Amount $10,000
Lot Size 27.990 Acres
Property Description
Under contract at a substantial amount above list price but accepting back up offers Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has zoning in hand for 360 units that can either be apartments, townhomes condos or a mixture but approval is in hand for 360 units. Also approximately 3.7 acres approved for storage units and an additional 4 acres zoned commercial. Located just north of the Wal Mart in Ephraim on highway 89. Feasibility study, soils, engineering plats in hand and available by request. Feasibility study shows 100% occupancy as each building is finished due to the severe housing shortage. Approved plat is attached. Buyer will need to obtain final plat approval but zoning and density have already been approved. Approximately 60 days needed to obtain final plat approval once engineering is done and submitted to city. Sale includes surveys soils and all engineering done to date.
Location
State UT
County Sanpete
Area Ephraim; Manti
Zoning Multi-Family, Commercial, Industrial
Exterior
Utilities Available Natural Gas Available,Electricity Available,Sewer Available
View Y/N Yes
Building
Lot Description View: Mountain,Terrain: Flat,Excl. Mineral Rights,Excl. Oil/Gas Rights
Sewer Sewer: Available
New Construction No
Schools
Elementary Schools Ephraim
Middle Schools Ephraim
High Schools Manti
School District South Sanpete
Others
Acceptable Financing Cash,Conventional,Seller Finance
Listing Terms Cash,Conventional,Seller Finance