Current Use by Public Records
- Hospitality properties
Property Details for 393 Ut-9
- Property type
- Hospitality properties
Description
This exceptional 200-unit multifamily development opportunity in Virgin, Utah, is priced at $6,000,000. Located at 393 UT-9, Washington County, zip code 84779 (latitude 37.202809, longitude -113.1956871), this build-ready site offers significant potential for investors. All necessary approvals are in place, including zoning and conditional use permits, allowing for the construction of up to 200 three- and four-bedroom units across up to three stories. The property boasts completed rough grading and stubbed utilities, significantly reducing development time and costs. A key advantage is the permitted use of short-term and monthly rentals, catering to a diverse market and maximizing rental income potential. This presents a unique opportunity to capitalize on the growing demand for housing in this desirable location. The site is fully prepared for immediate construction, making it an attractive investment for developers seeking a streamlined path to a high-yield multifamily project. This turnkey opportunity combines a prime location with complete permitting and site preparation, minimizing risk and maximizing return.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virgin
- County
- Washington
- State
- Utah
- Longitude
- -113.196
- Latitude
- 37.2028
