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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
- Great starter project for breaking into hospitality
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: $1.1 MM Property Size: 0.27 acres (Commercially Zoned) Development Plan: Fully approved 22-room boutique hotel ("Ember Hotel") with all city/county permits in place.
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
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26 E Main St - Accepting Offers Again
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