UT > Ephraim
Ephraim, UT 84627,1100 N HIGHWAY 89
Ephraim, UT 84627,1100 N HIGHWAY 89
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$2,500,000
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27.99 Acres Lot
Price Dropped by $200K

1100 N HIGHWAY 89 Ephraim, UT 84627

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Brayden Hardman

Brayden Hardman

+1(801) 709-8235

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1899082

HOA Y/N No

Annual Tax Amount $10,000

Lot Size 27.990 Acres

Acres 27.99

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Multi Family

Property Description

Seller is willing to carry 50% for 18 months but purchase price would need to be $3,000,000. for those terms. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has zoning in hand for 360 units that can either be apartments, townhomes condos or a mixture but approval is in hand for 360 units. Also approximately 3.7 acres approved for storage units and an additional 4 acres zoned commercial. Located just north of the Wal Mart in Ephraim on highway 89. Feasibility study, soils, engineering plats in hand and available by request. Feasibility study shows 100% occupancy as each building is finished due to the severe housing shortage. Approved plat is attached. Buyer will need to obtain final plat approval but zoning and density have already been approved. Approximately 60 days needed to obtain final plat approval once engineering is done and submitted to city. Sale includes surveys soils and all engineering done to date.

Location

State UT

County Sanpete

Area Ephraim; Manti

Zoning Multi-Family, Commercial, Industrial

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Available, Electricity Available, Sewer Available

View Y/N Yes

Present Use Multi-Family

Topography Terrain: Flat

Private Pool No

Building

Lot Description View: Mountain, Terrain: Flat, Excl. Mineral Rights, Excl. Oil/Gas Rights

Sewer Sewer: Available

New Construction No

Schools

Elementary Schools Ephraim

Middle Schools Ephraim

High Schools Manti

School District South Sanpete

Others

Senior Community No

Tax ID 5358, 5358X4, 5358X5

Acceptable Financing Cash, Conventional, Seller Finance

Listing Terms Cash, Conventional, Seller Finance

Listed by Equity Real Estate (Solid)

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Brayden Hardman

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+1(801) 709-8235

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1100 N HIGHWAY 89