$540,000
$549,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
1.41 Acres Lot
SOLD DATE : 03/18/2024
Key Details
Sold Price $540,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1971010
Sold Date 03/18/24
HOA Y/N No
Annual Tax Amount $1,032
Lot Size 1.410 Acres
Acres 1.41
Lot Dimensions 0.0x0.0x0.0
Property Description
Peak Collective Real Estate with KW Commercial is pleased to present for sale a commercial development site on 1.41 acres of land in Dutch John, UT. The proposed development plans to build out 21 condos, is fully entitled and approved by the city, and a developer would only need to have architecture and plans done to have it shovel ready. Each condo is planned to have a 2-car garage that can store a boat and/or trailer. The land is already improved with water, sewer, gas and electric. At a suggested cost of $300/SF per condo, the build-out has a potential to generate a gross revenue of $11,970,000. This location represents excellent investment opportunity for any developer or investor. It is a prime location less than 5 minutes from Flaming Gorge as well as Little Hole and various fishing and hunting opportunities. For more details, please see offering memorandum.
Location
State UT
County Daggett
Area Dutch John; Greendale
Zoning Commercial
Interior
Fireplace false
Exterior
Waterfront No
View Y/N Yes
Present Use Commercial
Private Pool false
Building
Lot Description Corner Lot
New Construction No
Schools
Elementary Schools Flaming Gorge
Middle Schools Manila Jr-Sr High School
High Schools Manila Jr-Sr High School
School District Daggett
Others
Senior Community No
Tax ID 02-0170-0001
Horse Property No
Financing Cash
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Bought with Fathom Realty (St George)