Property summary
This exceptional 10.19-acre commercial parcel in Santaquin, Utah, presents a remarkable investment opportunity. Strategically located with high visibility from Interstate 15, this property is zoned C-1 for commercial use, offering immediate development potential. The parcel, identified by APN 32:017:0005, is part of a larger 112-acre area, with adjacent land also available for purchase, allowing for significant expansion possibilities. Santaquin City's vision for the area includes a variety of commercial uses, such as a shopping plaza, big-box retail, restaurants, and entertainment venues. This presents a unique chance to capitalize on the growth trajectory of Utah County, which is expanding southward and westward from Provo/Orem. A ground lease option is available, with terms negotiable based on the proposed use and lease duration. The asking price is $3,107,134.80. This property offers a compelling combination of location, zoning, and potential, making it an ideal investment for developers seeking a high-impact commercial project in a rapidly growing area. A drone video showcasing the property is available online.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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