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OFF-MARKET
Specialty properties

32 23 Monticello, UT 84535

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Property summary
AI-generated overview

This exceptional 40-acre property is situated just outside Monticello, Utah, near the Utah/Colorado border, presenting a unique investment opportunity. Currently zoned Green Belt, this land offers significant potential for various uses, including agricultural purposes. Property taxes were a mere $7.80 last year when used for crops. The location provides a tranquil setting, ideal for a weekend retreat or other recreational uses. Electricity is readily accessible nearby, and neighboring properties boast full utility services. While the property is conveniently located, buyers are responsible for verifying all information independently. It's important to note that the transfer of the Green Belt designation to the new owner will be the buyer's responsibility, along with any associated transfer taxes. This is a remarkable opportunity to acquire a sizable parcel of land in a desirable location at an attractive price point. The property's proximity to Monticello and its existing Green Belt zoning make it a compelling investment for those seeking a versatile and affordable landholding. The low property taxes further enhance its appeal. This is an "as-is" sale, and prospective buyers are strongly encouraged to conduct their own due diligence before making an offer. The address is 32 S 23 E, Monticello, UT 84535.

Property profile
Verified
Property type Specialty properties
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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