UT
Sanpete
Ephraim
84627
1100 N HIGHWAY 89
1100 N HIGHWAY 89, Ephraim, UT 84627
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Listing Type
Multi Family
Listing Status
under contract
2
$2,500,000

Home Details for 1100 N HIGHWAY 89

Price
$2,500,000
Type
Land
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Lot size acres
27.99
County
Sanpete
Garage
Days on site
790
MLS Listing#
1899082
Property Description

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
  • Utilities
    • Natural Gas Available
    • Electricity Available
    • Sewer Available
  • Cooling Information
    • None
  • Heating Information
    • None
School Information
School Information for 1100 N HIGHWAY 89, Ephraim, UT 84627
Elementary School
Ephraim
Middle School
Ephraim
High School
Manti
Listing Courtesy: Equity Real Estate (Solid) - 801-208-5872
Wasatch Front Regional MLS logoBased on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-04 08:38:47
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