950 1600 Springville, UT 84663
- Land
- 15.52 lot acres
Current Use by Public Records
- Land
Property Details for 950 1600
- Lot size
- 15.52 lot acres
- Property type
- Land
Description
This exceptional 15.52-acre parcel in Springville, Utah, presents a compelling investment opportunity for large-scale residential development. Located at 950 W 1600 S, Springville, UT 84663 (APN 26:054:0095), this property is zoned RMF-1, making it suitable for multi-family residential projects. The asking price is $10,000,000, translating to approximately $644,000 per acre. Its strategic location offers easy access to Interstate 15, providing convenient commutes to major urban centers. Furthermore, the property benefits from its proximity to local amenities and the anticipated improvements to the I-15 interchange and road widening project slated for completion by 2026, which will further enhance accessibility and desirability. The land is not subdividable. This significant acreage presents a rare chance to capitalize on the growing demand for housing in this thriving Utah County community. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Utah
- State
- Utah
- Longitude
- -111.627
- Latitude
- 40.1448
