Current Use by Public Records
- Land
Property Details for 460 E
- Property type
- Land
Description
This exceptional 331-lot residential development opportunity in Delta, Utah, is strategically located along US Highway 6. Approved for 331 residential units, the property also includes an alternative site plan for 104 single-family lots and 120 townhomes. Situated in Millard County, this land offers a unique investment prospect in a region experiencing record-low vacancy rates and high demand for housing. The area's diverse landscape, encompassing desert, mountains, and open spaces, coupled with its rich mineral resources, attracts various industries. Millard County's suitability for traditional and renewable energy production further enhances its appeal. Delta's central location within Millard County, at the intersection of Highways 6 and 50, provides convenient access to work, recreation, and surrounding communities. The current housing shortage, with many commuters traveling over an hour, underscores the urgent need for new residential development. This project capitalizes on the significant growth potential fueled by the Western Energy Hub development, a major initiative involving the construction of underground energy storage caverns. This clean energy project, involving Chevron and Mitsubishi Power, will provide clean renewable energy to the Western United States, further boosting the area's economic prospects and increasing the desirability of residential properties. The property is zoned R-4. The asking price for this significant development opportunity is $6,000,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delta
- County
- Millard
- State
- Utah
- Longitude
- -112.556
- Latitude
- 39.3604
