1100 Main - Sand Ridge Farms Subdivisioin 28.92 Acres of Residential Land Offered at $2,500,000 in Ephraim, UT 84627

Seller is willing to carry a contract of 50% but purchase price would need to be raised to $3,000,000. Seller would carry for 18 months. Ephraim city is experiencing a severe housing shortage with 40+ applicants for every student housing opening. With Snow College going to a 4 year school this project will fill a desperate need for additional housing. Feasibility study has been done and projects 100% occupancy as each building is completed. Study is available upon request to listing agent. IHC Hospital is also constructing a new hospital in Ephraim and will employ several thousand upon completion. Construction is to start soon. Located just north of the Wal Mart this project is adjacent to approximately an additional 8 acres which will have storage units and commercial which can also be purchased if desired. Seller is open to an offer and also willing to carry some paper depending upon down payment and terms. Property is located on north end of Ephraim just north of the Wal Mart. UDOT will install traffic light off of access during construction to allow safe and easy access to and from the property. Located on west side of Highway 89 approximately 1100 N. Call listing agent for additional questions.