For Sale

Listed by James Barnard from Realtypath LLC (Pro)

Source: Wasatch Front Regional MLS #2015712

4798 South Highway 89, Wellsville, UT, 84339

$2,290,000

727452 sq. ft.

Other

30+ days on the market

What's around 4798 South Highway 89

About this property

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.

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