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1100 Main - Sand Ridge Farms Subdivisioin

28.92 Acres of Residential Land Offered at $4,322,700 CAD in Ephraim, UT 84627

Residential Land & Home Lots Utah Ephraim 1100 Main, Ephraim, UT 84627

Investment Highlights

  • Supplemental land to combat severe housing shortage in Ephraim
  • Additional land available
  • All vesting in place for 360 units

Executive Summary

Ephraim city is experiencing a severe housing shortage with 40+ applicants for every student housing opening. With Snow College going to a 4 year school this project will fill a desperate need for additional housing. Feasibility study has been done and projects 100% occupancy as each building is completed. Study is available upon request to listing agent. IHC Hospital is also constructing a new hospital in Ephraim and will employ several thousand upon completion. Construction is to start soon. Located just north of the Wal Mart this project is adjacent to approximately an additional 8 acres which will have storage units and commercial which can also be purchased if desired. Seller is open to an offer and also willing to carry some paper depending upon down payment and terms. Call listing agent for additional questions.

Attachments

Sandy Ranch Plat Nov 28 2022_Marketing

Data Room Click Here to Access

  • Market Information

Property Facts

Price $4,322,700 CAD Property Type Land
Sale Type Investment or Owner User Property Subtype Residential
Sale Conditions Build to Suit Total Lot Size 28.92 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $4,322,700 CAD
Sale Type Investment or Owner User
Sale Conditions Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 28.92 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 1

Price $4,322,700 CAD Lot Size 28.92 AC
Price Per AC $149,471 CAD
Price $4,322,700 CAD
Price Per AC $149,471 CAD
Lot Size 28.92 AC

This 25.63 acre parcel just received final preliminary plat approval for 360 units which can be all apartments, all condos, all town homes or some combination of the above, plus 3.5 acres for storage units and 3.8 acres general commercial

Description

Property is located on north end of Ephraim just north of the Wal Mart. UDOT will install traffic light off of access during construction to allow safe and easy access to and from the property. Located on west side of Highway 89 approximately 1100 N.

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PROPERTY TAXES

Parcel Number 5358 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $4,792 CAD

PROPERTY TAXES

Parcel Number
5358
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,792 CAD

zoning

Zoning Code High Density (Zoning approved for 360 units of high density. Can be mix of apartments, condos, townhomes, etc.)
High Density (Zoning approved for 360 units of high density. Can be mix of apartments, condos, townhomes, etc.)
(801) 636-3643

Contact

  • Listing ID: 29068288

  • Date on Market: 2023-07-21

  • Last Updated:

  • Address: 1100 Main, Ephraim, UT 84627

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1100 Main - Sand Ridge Farms Subdivisioin
(801) 636-3643 x

1100 Main - Sand Ridge Farms Subdivisioin

Dave Priest

(801) 636-3643

(801) 636-3643

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