84 S 100 W, Vernal, UT

Name: 84 S 100 W, For Sale in Vernal - Zoocasa
Brand: Evolve Real Estate & Management LLC
SKU: 2160812
Price: 750000 USD

House

For Sale

Listed price in listed location currency (USD).

$750,000

000

MLS® 2160812

Overview

Key Facts

Type

Levels Land

Size -

Garage

Taxes $1

Days Active 150

Lot Size 0.55 Acres

Approx. Age

MLS® Number 2160812

Property Address: 84 S 100 W, Vernal, UT, 84078-2522

Average square foot calculated using Size range provided by listing agent.

Description

Fully Entitled Mixed-Use Development. Vernal's First Urban-Style Condo Project. Rare opportunity to acquire a fully engineered, permit-ready mixed-use development in Vernal, Utah. Positioned as the first project of its kind in the market, the development has received substantial support and cooperation from the city and is expected to serve as a catalyst for continued downtown growth and activation. The proposed development consists of 18 residential condominiums and 5 street-front commercial suites designed to accommodate retail, or professional service users. The project has generated strong interest from prospective commercial tenants upon completion. Commercial NOI is projected at approximately $192, 028 annually, including a 5% vacancy factor. Projected residential sellout is approximately $4, 050, 560. The neighboring city-funded and managed parking structure was developed with this project in mind and includes EV charging infrastructure, representing over $650, 000 in public investment benefiting the site. The project includes eligibility for a $100, 000 city facade improvement grant, further enhancing project value and streetscape appeal. All engineering plans are included in the sale, and negotiated construction pricing is available through the seller's proposed builder services. Seller is an experienced builder offering to complete the project for a 7.5% build fee, or buyers may elect to use their own contractor. Build appraisal available upon execution of NDA.

MLS® Number2160812

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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