1100 U S Highway 89 Ephraim, UT 84627
Estimated payment $13,673/month
Highlights
- 27.99 Acre Lot
- No HOA
- No Heating
- Mountain View
- Level Lot
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,000
Lot Details
- 27.99 Acre Lot
- Level Lot
- Property is zoned Multi-Family, Commercial, Industrial
Property Views
- Mountain Views
Schools
- Ephraim Elementary And Middle School
- Manti High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5358, 5358X4, 5358X5
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Pending | -- | -- | -- |
| 04/04/2025 04/04/25 | Price Changed | $2,500,000 | -7.4% | -- |
| 01/29/2025 01/29/25 | Price Changed | $2,700,000 | -10.0% | -- |
| 01/08/2025 01/08/25 | For Sale | $3,000,000 | 0.0% | -- |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | For Sale | $3,000,000 | 0.0% | -- |
| 09/09/2024 09/09/24 | Off Market | -- | -- | -- |
| 08/30/2024 08/30/24 | For Sale | $3,000,000 | 0.0% | -- |
| 07/20/2024 07/20/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | Price Changed | $3,000,000 | -44.4% | -- |
| 03/07/2024 03/07/24 | Price Changed | $5,400,000 | -40.0% | -- |
| 01/05/2024 01/05/24 | Price Changed | $9,000,000 | -13.8% | -- |
| 09/08/2023 09/08/23 | For Sale | $10,440,000 | -- | -- |
Source: UtahRealEstate.com
MLS Number: 1899082
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