1100 N HIGHWAY 89 Ephraim, UT 84627
1100 N HIGHWAY 89 Ephraim, UT 84627

1100 N HIGHWAY 89 Ephraim, UT 84627

For Sale $2,500,000
1,219,244 sqft
27.99 acres

PROPERTY DETAILS

About This Property

This land / lot for sale at 1100 N HIGHWAY 89 Ephraim, UT 84627 has been listed at $2,500,000 and has been on the market for 693 days.

Full 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 Highlights

  • Generous living space with 1,219,244 square feet. Plenty of room for everyone.
  • Large lot size of 27.99 acres. Great for outdoor activities.

The land / lot for sale at 1100 N HIGHWAY 89 Ephraim, UT 84627 has been listed at $2,500,000 and has been on the market for 693 days.

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.


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General Information

  • Price

    $2,500,000   

  • Days on Market

    693

  • Area

  • House Size

    1219244 Sq Ft

  • Address       

    1100 N HIGHWAY 89 Ephraim, UT 84627

  • Listed By   

    Equity Real Estate (Solid)

  • HOA

    NO

  • Lot Size

    27.99

  • MLS

    1899082

  • Status

    Pending

  • City

    Ephraim

  • Term Of Sale

    Cash,Conventional,Seller Finance

Inclusions

  • View: Mountain
  • Terrain: Flat
  • Excl. Mineral Rights
  • Excl. Oil/Gas Rights
  • Natural Gas Available
  • Electricity Available
  • Sewer Available

Garage and Parking

  • Garage Type: No
  • Garage Spaces:
  • Carport: No

Price History

Jun 02, 2025

$2,500,000

Just Listed





Other Property Info

  • Area:
  • Zoning: Multi-Family, Commercial, Industrial
  • State: UT
  • County: Sanpete
  • This listing is courtesy of:: David Priest Equity Real Estate (Solid).

Utilities

  • Natural Gas Available

  • Electricity Available

  • Sewer Available


Based on information from UtahRealEstate.com as of 2023-09-08 13:35:12. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.

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