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Property profile & analytics
OFF-MARKET
Land

162 100 Logan, UT 84321

0.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.6-acre lot, located at 162 S 100 W in Logan, Utah's revitalized downtown area (zip code 84321), presents a unique investment opportunity. Currently zoned TC-1, the property boasts city approval for a 50-unit short-term rental development (ideal for Airbnb or VRBO) or a boutique hotel. With a total buildable area of 26,136 square feet, the site offers flexibility in unit design. The asking price is $1,600,000, translating to $61.22 per square foot of land. The property includes two existing parking spaces, but the development plan allows for ample guest parking, potentially two spaces per unit, accommodating a multi-level structure. The site's central location within Logan's ongoing urban renewal project ensures high visibility and strong potential for rental income. This fully approved project offers a rare chance to capitalize on the growing demand for short-term accommodations and the vibrant Logan, Utah market. The potential for 42 condos or apartments is also feasible, given the zoning and approved plans. This is a turnkey development opportunity with significant upside potential.

Property profile
Verified
Property type Land
Lot 0.6 ac (26,136 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Logan High School High School
  • Logan Youth Football Nightclub Music Venue
  • Brad Nelson Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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