886 50 Springville, UT 84663
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.