Approved Multi-Use Development
For Sale
$2,500,000
Pending
1100 S Main St, Ephraim, UT 84627
Land offering approved density for 360 units plus additional acreage zoned for storage units and commercial uses.
Property SizeContact for details
Days on Market756
Property Features for 1100 S Main St
General Information
Standard status
Pending
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
360
Taxes and HOA fees
Annual Taxes
$10,000
Listing Agency:
Equity Real Estate (Solid)
(801) 636-3643
Listed By:
David Priest · License #5465081
(801) 636-3643
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Real Estate (Solid)
Investment Insights
Based on property information with market context.
This development land is being sold with key approvals and materials already in hand, including zoning approval for 360 units with an approved density plan that can support apartments, townhomes, condos, or a mix. The package also includes approximately 3.7 acres approved for storage units and an additional 4 acres zoned for commercial use. Feasibility, soils, and engineering plats are available by request, and the sale includes surveys and soils and all engineering completed to date.
The property is located just north of the Wal Mart in Ephraim on Highway 89. While zoning and density have been approved, the buyer will still need to obtain final plat approval. The feasibility study indicates 100% occupancy as each building is finished, tied to the local housing shortage.
Seller is willing to carry 50% for 18 months, provided the purchase price is $3,000,000 for those terms.
The property is located just north of the Wal Mart in Ephraim on Highway 89. While zoning and density have been approved, the buyer will still need to obtain final plat approval. The feasibility study indicates 100% occupancy as each building is finished, tied to the local housing shortage.
Seller is willing to carry 50% for 18 months, provided the purchase price is $3,000,000 for those terms.
Key Highlights
- Zoning and density approved for 360 units (approved for apartments, townhomes, condos, or a mixture).
- Additional approximately 3.7 acres approved for storage units.
- Additional approximately 4 acres zoned commercial.
Property Analytics
Current Use
Lease Details
360
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 84627, UT
5,882
Population
1,909
Households
3.1
Avg Household Size
26
Median Age
44%
College-Educated
96%
High-School Grad
43.5 sq mi
ZIP Area
135
Density / Sq Mi
$78,269
Median Household Income
$23,502
Median Earnings
$903
Median Rent
$417,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land offering approved density for 360 units plus additional acreage zoned for storage units and commercial uses.
Where is this residential land & home lot located?
The property is located at 1100 S Main St Ephraim, UT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Zoning and density approved for 360 units (approved for apartments, townhomes, condos, or a mixture).; Additional approximately 3.7 acres approved for storage units.; Additional approximately 4 acres zoned commercial.
