5601 Old Lincoln Hwy Grantsville, UT 84029
- Commercial real estate
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5601 Old Lincoln Hwy
- Lot size
- 1.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 157.64-acre property in Grantsville, Utah, presents a unique investment opportunity. Located at 5601 Old Lincoln Hwy, Tooele County, this land is zoned for residential development and offers a mix of developed and undeveloped lots. Thirty lots are fully developed and ready for immediate construction, while 32 additional lots are available as "paper lots," providing significant potential for future development. The average lot size is approximately 0.9 acres. This expansive property allows for the acquisition of individual lots or the purchase of the entire parcel in bulk. Developed lots are priced at $250,000 each, while undeveloped lots are offered at $120,000 each. The asking price for the entire Worthington Ranch is $12,000,000. This presents a compelling opportunity for both individual homebuilders and large-scale developers seeking a prime location in the desirable Grantsville area. The property's location offers convenient access to local amenities and boasts beautiful surroundings. With its strategic mix of ready-to-build and future development potential, this property is poised for significant returns. The property is owned by Worthington Ranch, LLC and is being offered for sale by owner. The property's latitude and longitude coordinates are 40.62787309288242, -112.5051499896093, and the zip code is 84029.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grantsville
- County
- Tooele
- State
- Utah
- Longitude
- -112.50514998961
- Latitude
- 40.627873092882
