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.
Natural Gas Available,Electricity Available,Sewer Available
View: Mountain,Terrain: Flat,Excl. Mineral Rights,Excl. Oil/Gas Rights
Multi-Family, Commercial, Industrial
Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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