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    2297 State St Santaquin, UT 84651

    For Sale
    $3,931,000

    7.52 Acres, $3.9M Asking

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 7.52-acre commercial land parcel presents a remarkable investment opportunity in Payson, Utah. Located at 2297 W State St, 84651, this property boasts convenient access to essential utilities, including electricity, sewer, water, gas, and phone/cable connections. The site also benefits from existing infrastructure such as paved streets, sidewalks, gutters, and storm drains, minimizing development costs and expediting the construction process. The land is priced at $3,931,000, translating to a land value of $12 per square foot. This represents a compelling value proposition for developers seeking a strategically located site in a growing Utah County South community. The property's expansive size offers significant flexibility for a wide range of commercial developments, catering to various business needs and scales. Its location in Payson provides access to a thriving local market and a strong regional economy. Detailed site plans and surveys are available upon request. This is an exceptional opportunity to acquire a substantial commercial land parcel in a desirable location with readily available utilities and infrastructure. Don't miss this chance to secure a prime piece of Utah real estate.

    Property Features for 2297 State St

    General Information

    Property type
    Land
    Lot Size
    327,571 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Dental Office Wholesale Shop Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santaquin
    County
    Utah South
    State
    Utah
    Longitude
    -111.70876
    Latitude
    40.045746

    Nearby Comparable

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      Payson Industrial/Agricultural Land Available

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    • $1,195,000
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      Payson Office Building - 1.77 Acres

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 7.52 Acres, $3.9M Asking
    Where is this land located?
    The property is located at 2297 State St Santaquin, UT.
    What is the asking price?
    The asking price for this property is $3,931,000.
    (801) 666-4275
    Request Owner's contact information
    2297 State St Santaquin, UT 84651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2297 State St Santaquin, UT 84651
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