1100 N Highway 89 Ephraim UT 84627 | $2,700,000

Property Facts

Days on URE 415

Status ACTIVE

MLS# 1899082

Type Multi Housing

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 Features

Features

Property Size

Zoning Information

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
5	Ephraim Middle School Public Middle School	6-8	1.81 mi
NR	Sanpete Academy Public High School	9-12	1.13 mi
6	Ephraim School Public Preschool, Elementary	PK	1.86 mi
NR	Anchor Stone Youth Public Middle School, High School	7-12	6.85 mi
4	Manti High School Public High School	9-12	7.55 mi
2	South Sanpete Education Support Center Public Elementary, Middle School, High School	K-12	8.09 mi
NR	South Sanpete District Preschool, Elementary, Middle School, High School		8.09 mi
NR	Young Women's Empowerment Center (YIC) Public Middle School, High School	8-12	8.10 mi
NR	Utah Preparatory Academy (YIC) Public Middle School, High School	7-12	8.10 mi
4	Manti School Public Preschool, Elementary	PK	8.14 mi
NR	Spring City School Public Elementary	K-6	8.97 mi
7	North Sanpete Middle School Public Middle School	7-8	10.21 mi
NR	Lighthouse Academy (YIC) Public High School	10-12	10.28 mi
5	Moroni School Public Preschool, Elementary	PK	10.42 mi
4	North Sanpete High School Public High School	9-12	13.27 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