Under contract MLS# 1899082 · 1144 days on the market
$2,500,000
It starts with a call with an agent.
1100 N Highway 89, Ephraim, UT 84627
About this home
Seller is willing to carry 50% for 18 months but purchase price would need to be $3,000,000. for those terms. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has zoning in hand for 360 units that can either be apartments, townhomes condos or a mixture but approval is in hand for 360 units. Also approximately 3.7 acres approved for storage units and an additional 4 acres zoned commercial. Located just north of the Wal Mart in Ephraim on highway 89. Feasibility study, soils, engineering plats in hand and available by request. Feasibility study shows 100% occupancy as each building is finished due to the severe housing shortage. Approved plat is attached. Buyer will need to obtain final plat approval but zoning and density have already been approved. Approximately 60 days needed to obtain final plat approval once engineering is done and submitted to city. Sale includes surveys soils and all engineering done to date.
Written by the listing agent.
Location
Living in Ephraim
Ephraim is a city in Sanpete County located along U.S. Route 89 in the Sanpete Valley, on the east side of the San Pitch River. First settled in 1854, the city is home to Snow College and a Utah State University branch campus.
- 5,611 residents (2020)
- 5 named parks
Monthly payment
- Principal & interest
- $13,854
- Property tax
- $833
- Home insurance
- $110
10% down ($250,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 27.99 acres
- Sewer
- Sewer: Available
- County
- Sanpete
- Zoning
- Multi-Family, Commercial,
- Terms
- Cash, Conventional, Seller Finance
- View: Mountain
- Terrain: Flat
- Excl. Mineral Rights
- Excl. Oil/Gas Rights
- Natural Gas Available
- Electricity Available
- Sewer Available
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · South Sanpete
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Listing courtesy of Equity Real Estate (Solid) / David Priest. Based on information from UtahRealEstate.com as of 9/24/2026 9:00 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy.