11800 Hwy Cove, UT 84333
This exceptional 107-acre property in Cache County, Utah presents a unique investment opportunity. Located in Richmond, near the city boundary with potential for annexation, this expansive land parcel boasts 1,230 feet of frontage along Highway 91, providing excellent access and visibility. The gentle slopes and western-facing views make it ideally suited for residential development, with commercial possibilities near the highway. The property's A-10 zoning allows for a variety of uses. Included in the sale are 50 shares of Richmond Irrigation Company water, ensuring ample water resources. The location offers a blend of quiet town living and proximity to a robust agricultural sector, including dairy and food manufacturing industries. The property's address is 11800 North Hwy 91, Richmond, UT 84333, and includes APNs 09-042-0008, 09-029-0024, 09-029-0022, 09-029-0018, and 09-029-0025. This large, contiguous acreage is situated in a growth pathway, making it a compelling investment for both residential and commercial development. The asking price is $3,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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