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1100 N Highway 89, Ephraim, UT 84627

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For Sale

$5,400,000

25.63 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 25.6 acres
    Lot size

Explore this Property

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.
MLS# 1899082

Courtesy Of Equity Real Estate - Solid

(801) 790-4030

Property Features

  • Architecture Style
    Other
  • Lot Size
    25.63 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 1100 N Highway 89, Ephraim, UT 84627

Home seller CENTURY 21 Everest

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CENTURY 21 Everest

(801) 449-3000
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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