2300 11000 Richmond, UT 84333
This unique 50.18-acre land parcel in Richmond, Utah (84333), presents an unparalleled investment and development opportunity. Located at 2300 E 11000 N, Cache County, this property is being offered for sale for the first time in three generations. Its prime location offers unparalleled proximity to the Cherry Peak Ski Resort and recreation area, making it ideal for various development projects. The property is zoned to allow for the creation of five 10-acre lots suitable for individual homes, or, alternatively, a Conditional Use Permit (CUP) could enable the construction of a lodge with up to 15 room units per 10-acre lot. Cherry Peak hosts year-round events, including skiing, mountain biking, and concerts, ensuring consistent activity and potential for high demand. Infrastructure is already in place, with a city water main running through the property and connections readily available. The property also includes 11 shares of Richmond Irrigation water and is serviced by Rocky Mountain Power, with power already on-site. This is a truly exceptional, once-in-a-lifetime opportunity to acquire a significant land holding in a rapidly growing area with high recreational appeal. Asking price is $2,500,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.