4798 S Hwy 89-91, Wellsville, UT 84339

$2,290,000

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List Price
$2,290,000
Status
ACTIVE
MLS#
2015712
Days on Market
720
Price Change
▼ $1,660,000 1776107917
Parcel Number
11-089-0009
Acres
16.70
County
Cache
Region
Wellsville; Young Ward; Hyrum

Property Description

The property includes approximately 18.84 acres located at the intersection of Main Street (SR-101) and US Highway 89/91. A concept site plan and mixed-use zoning framework were previously approved by the Wellsville City Council. The owner is currently working with Wellsville City and UDOT to modify the configuration to accommodate highway access and intersection requirements. This process includes finalizing the internal road alignment, and Main Street improvements, along with subdivision of the property. The proposed subdivision will create three lots: Residential Lot 1 4.77 acres Residential Lot 2 4.76 acres Commercial Lot 7.8 acres The two residential lots (9.53 acres combined) are currently planned to accommodate approximately 104 three-story townhomes. The commercial lot is planned for a mixed-use development including approximately 32 residential units and multiple commercial/retail pads based on the concept plan. Updated subdivision and roadway plans are currently being submitted to and reviewed by Wellsville City and UDOT for approval. Listing Price Includes: The offering is for the planned residential portion of the development (9.53 acres total). Excluded From Sale: The 7.8-acre commercial parcel is excluded from the listing price and is not part of this offering. This is a rare opportunity to acquire entitled residential development land within a larger master-planned mixed-use project, positioned along a major transportation corridor with strong regional growth potential. Seller Documents Link: https://drive.google.com/drive/folders/1xZOzJeQNeV9IxPU8OWt-B1V6RqsQxCr5?usp=sharing Seller Agent has financial interest in the property.

Additional Information

Taxes
$2,000
School District
Cache
Elementary School
Wellsville
Middle School
South Cache
High School
Mountain Crest

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Calculator source: Real Geeks

Listing courtesy of Realtypath LLC (Pro).

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