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Property profile & analytics
OFF-MARKET
Commercial real estate

886 50 Springville, UT 84663

5.46 ac lot
Property ID
US86-0855556
Property summary
AI-generated overview

This exceptional 5.46-acre property in Springville, Utah, presents a unique multi-family development opportunity. The land is comprised of two parcels: a 0.75-acre front parcel (26-031-0063) zoned for Light Industrial Manufacturing, and a 4.73-acre rear parcel (26-028-0051) zoned R1-15 for single-family residential use. The existing home on the property is a legally non-conforming structure. The City of Springville allows for housing development on the R1-15 zoned parcel, with a minimum lot size of 15,000 square feet per lot. Prospective buyers are encouraged to verify all development possibilities and requirements directly with the City of Springville. The property is located at 886 S 50 W, Springville, UT 84663. Access to the property requires a scheduled appointment; please note that the seller works from home and should not be disturbed without prior arrangement. The asking price for this remarkable development opportunity is $2,000,000. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Lot 5.46 ac (237,838 SF)
UPID US86-0855556
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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