1100 N Highway 89 Ephraim UT 84627 | $5,400,000

Property Facts

Days on URE 236

Status ACTIVE

MLS# 1899082

Type Multi Housing

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 Features

Features Include:

Utilities: Gas: Available; Power: Available; Sewer: Available
Lot: Excl. Mineral Rights; Excl. Oil/Gas Rights; Terrain: Flat; View: Mountain
Water: Culinary Available
Irrigation: Not Available

Zoning Information:

Zoning:

Lot Size In Acres:

Acres: 25.63

Buyer's Brokerage Compensation

3% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.

Schools

Designated Schools

Elementary School Ephraim

Middle School Ephraim

High School Manti

School District South Sanpete

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
6	Ephraim School Public Preschool, Elementary	PK	1.54 mi
5	Ephraim Middle School Public Middle School	6-8	1.48 mi
NR	Sanpete Academy Public High School	9-12	0.92 mi
NR	Anchor Stone Youth Public Middle School, High School	7-12	5.74 mi
4	Manti High School Public High School	9-12	6.38 mi
NR	South Sanpete District Preschool, Elementary, Middle School, High School		6.79 mi
2	South Sanpete Education Support Center Public Elementary, Middle School, High School	K-12	6.79 mi
NR	Young Women's Empowerment Center (YIC) Public Middle School, High School	8-12	6.79 mi
NR	Utah Preparatory Academy (YIC) Public Middle School, High School	7-12	6.79 mi
4	Manti School Public Preschool, Elementary	PK	6.85 mi
NR	Spring City School Public Elementary	K-6	8.10 mi
7	North Sanpete Middle School Public Middle School	7-8	8.31 mi
NR	Lighthouse Academy (YIC) Public High School	10-12	8.35 mi
5	Moroni School Public Preschool, Elementary	PK	8.46 mi
NR	North Sanpete District Preschool, Elementary, Middle School, High School		11.82 mi

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

David Priest
801-636-3643

Listing Broker

Equity Real Estate (Solid)
1218 E 7800 S
#150
Sandy, UT 84094
801-208-5872

Lead Warning Statement

Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.

1100 N Highway 89

Property Facts