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26 E Main St - Accepting Offers Again 0.27 Acres of Commercial Land Offered at $1,100,000 in Lehi, UT 84043
INVESTMENT HIGHLIGHTS
- Full Permit Approved 22 Key Boutique Hotel Development on High Traffic Main Street Downtown Lehi
EXECUTIVE SUMMARY
Prior buyer's financing fell, through. Accepting offerings on this great fully permitted property again!
Key Highlights:
Turnkey Opportunity: All groundwork, permits, and approvals completed by experienced developer.
Strong Financials: Pro forma projections indicate an 8-10% cap rate (potentially higher with conservative room rate assumptions).
Cost-Efficient: $65k per key vs. $100k+ average for upper midscale boutique hotels in high-traffic Western U.S. markets.
Flexibility: Property can be repurposed for multi-family housing (buyer responsible for new permits/approvals).
Financing: Development/construction loan approvals secured from three lenders.
Seller’s Position:
Experienced developer seeks to reduce workload and is not under pressure to sell. Full property purchase scheduled for October 1, 2025.
Included Documentation:
Property architecture approvals
Listing agreement and additional materials available upon request.
This is a rare, shovel-ready opportunity in a prime downtown Lehi location.
Key Highlights:
Turnkey Opportunity: All groundwork, permits, and approvals completed by experienced developer.
Strong Financials: Pro forma projections indicate an 8-10% cap rate (potentially higher with conservative room rate assumptions).
Cost-Efficient: $65k per key vs. $100k+ average for upper midscale boutique hotels in high-traffic Western U.S. markets.
Flexibility: Property can be repurposed for multi-family housing (buyer responsible for new permits/approvals).
Financing: Development/construction loan approvals secured from three lenders.
Seller’s Position:
Experienced developer seeks to reduce workload and is not under pressure to sell. Full property purchase scheduled for October 1, 2025.
Included Documentation:
Property architecture approvals
Listing agreement and additional materials available upon request.
This is a rare, shovel-ready opportunity in a prime downtown Lehi location.
PROPERTY FACTS
| Price | $1,100,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.27 AC |
| Price | $1,100,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.27 AC |
1 LOT AVAILABLE
Lot
| Price | $1,100,000 | Lot Size | 0.27 AC |
| Price Per AC | $4,074,074.07 |
| Price | $1,100,000 |
| Price Per AC | $4,074,074.07 |
| Lot Size | 0.27 AC |
Hotel Development Project in Downtown Lehi Price: $1.4MM Property Size: 0.27 acres (Commercially Zoned) Development Plan: Fully approved 22-room boutique hotel ("Ember Hotel") with all city/county permits in place.
Walk Score®
Very Walkable (79)
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26 E Main St - Accepting Offers Again
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