25.6 Acres of Commercial Land for Sale in Ephraim, Utah
1100 N Highway 89, Ephraim, UT 84627
Huge price reduction. Buyer could not obtain financing. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has vesting and 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. Seller is willing to sell just the high density if desired. 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. Seller will obtain final plat approval with full price acceptable offer. Approximately 60 days needed to obtain final plat approval.
Property details
- County
- Sanpete County
- MLS Number
- WFRMLS 1899082
- Date Listed
Parcels
- 5358
- 5358X4
- 5358X5
Property taxes
- Year not provided
- $10,000
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Mar 8, 2024 | Price decrease | $5,400,000 | $3,600,000 -40% | WFRMLS |
Jan 6, 2024 | Price decrease | $9,000,000 | $1,440,000 -13.8% | WFRMLS |
Oct 21, 2023 | New listing | $10,440,000 | — | WFRMLS |