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Property profile & analytics
OFF-MARKET
Land

1906 Sr 164 Spanish Fork, UT 84660

9.06 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 9.06 ac (394,610 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
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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