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225 East 850 South - 210 Midway - Provo River Development Land 210 Acres of Residential Land in Midway, UT 84049
INVESTMENT HIGHLIGHTS
- Property will support many uses including Resort, Residential and Commercial
- 206.79 Midway Irrigation Class I water shares
EXECUTIVE SUMMARY
This expansive 210-acre property consists of 11 parcels, each a lot of record, in Wasatch County, currently zoned as A-20, with the southern 160 acres designated for resort development and the northern 50 acres designated as RA-1-43 in the Midway City General Plan. Each parcel has a Lot of Record Certificate, ensuring their legal standing for developing beautiful, secluded estate lots. All or part of the property could be annexed into Midway City, increasing the development potential.
Call agent for pricing.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 210.00 AC |
| Lot Size | 210.00 AC |
210 Acres with multiple uses. Call agent for pricing.
DESCRIPTION
RZ Resort Zone (Approximately 160 acres located within this zone) Commercial/Retail - 20% of the gross floor area must be commercial. • 25% of the commercial area must be these uses: » Retail » Alcohol Dispensing Establishments (with local consent) » Photo, Art, Craft galleries, and retail showrooms » Cafes and restaurants » Private Clubs & Taverns • Hotels / Nightly Rentals - 30% gross floor area must be Hotels or Nightly Rentals (prohibiting rentals longer than 30 days). Stimulates collection of transient room tax (hotel tax). • Long Term Rentals - 10% of gross floor area can be long-term rentals. - Apartments are NOT permitted - Build for rent possibility RA-1-43 (Residential Agricultural Zone) 50 to 210 acres • One lot per acre density - Possibility to cluster density if you apply for a large-scale development plan and PUD.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $24,178,000 | Total Assessment | $24,178,000 |
PROPERTY TAXES
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225 East 850 South - 210 Midway - Provo River Development Land
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