Property Description

Investors and developers - this is your chance to secure 12.22 acres of fully usable land in one of Utah's fastestgrowing rural markets. Located just west of Main Street with easement access, this parcel offers scale, flexibility, and longterm upside in a city experiencing 4.40% annual population growth (per appraisal: Nephi city... grew from 6,443 to 7,984 between 20202025). The appraisal identifies the highest and best use as Residential, making this an ideal candidate for subdivision, buildtorent, or phased development. Zoning includes CU1 and A150, allowing a range of uses and potential for annexation to support higherdensity residential or mixeduse concepts. The report notes the site is considered to have average functional utility and an average competitive rating, giving investors a clean slate with no functional obsolescence. Parcel 1: XB00-2388-1 = 5.9 acres = $23.80 Annual Taxes Parcel 2: XB00-2393-1 = 4.5 acres = $18.37 Annual Taxes Parcel 3: XA00-2393-21 = .65 acres = $7 Annual Taxes Parcel 4: XA00-2388-2 = .880 acres = $7 Annual Taxes Parcel 5: XA00-2393-22 = .0808 acres = $24.97 Annual Taxes Parcel 6: XA00-2475 = .160 acres = $99.90 Annual Taxes

Property Features

Local Schools