1906 Sr 164 Spanish Fork, UT 84660
This exceptional 9.059-acre commercial land parcel presents a prime investment opportunity in Spanish Fork, Utah. Strategically located at the northeast corner of I-15 and Route 164 (8000 South), this property offers unparalleled access and visibility. Currently zoned RA-5 in Utah County, the land boasts significant development potential, further enhanced by its proximity to major transportation arteries and planned growth areas. The asking price is $7,103,686, translating to approximately $18 per square foot. A key advantage is the inclusion of 7 acre-feet of SVP Irrigation Water, a valuable asset for various development projects. Situated less than a mile from the new Revere Health facility in Salem, this location benefits from the area's expanding infrastructure and burgeoning healthcare sector. The property's adjacency to an I-15 on/off ramp ensures high traffic visibility and convenient access. The parcel's APN is 25-036-0070. The general plan for annexation in the area further underscores the long-term growth potential of this exceptional investment opportunity. This is a rare chance to acquire a significant land holding in a rapidly developing area.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.