Commercial Land for Sale in Ephraim, Utah
1100 N Highway 89 Ephraim, UT 84627
![25.63 Acres of Commercial Land for Sale in Ephraim, Utah](https://cdn.landsearch.com/listings/4wbkJ/large/ephraim-ut-110566226.jpg)
Huge price reduction. Was $5.4 million, just dropped to $3,000,000. 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. 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.
Property details
- County
- Sanpete County
- MLS Number
- WFRMLS 1899082
- Date Posted
Parcels
- 5358
- 5358X4
- 5358X5
Property taxes
- Year not provided
- $10,000
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 13, 2024 | Price drop | $3,000,000 | $2,400,000 -44.4% | WFRMLS |
Mar 8, 2024 | Price drop | $5,400,000 | $3,600,000 -40% | WFRMLS |
Jan 6, 2024 | Price drop | $9,000,000 | $1,440,000 -13.8% | WFRMLS |
Oct 21, 2023 | New listing | $10,440,000 | — | WFRMLS |