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4355 Main St - 60-Unit Mixed-use Fully Entitled Development 1.74 Acres of Residential Land Offered at $1,498,000 in Hyde Park, UT 84318
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Less than a 10-minute drive from Utah State University and multiple shopping, dining, and entertainment amenities in Smithfield, Hyde Park, and Logan.
- Hyde Park residential home values are rapidly rising as the average home value increased by approximately 53% from 2020 to 2025.
- Encompassing three different multiple-bedroom floor plans, residents will have ample parking of 985 stalls and 23% open space.
- Navigate to the Data Room to learn more, including a geotechnical report, civil and architectural drawings, bids, and approval letters.
EXECUTIVE SUMMARY
**Seller financing available with 0% interest!**
Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground. Utilities currently being pulled to site.
**Included in the Sale:**
Civil Plans
Architectural Designs
Geotechnical Report
City & UDOT approval
Topographical Survey
Easements & Utility Plans
Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground. Utilities currently being pulled to site.
**Included in the Sale:**
Civil Plans
Architectural Designs
Geotechnical Report
City & UDOT approval
Topographical Survey
Easements & Utility Plans
Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
MATTERPORT 3D TOUR
Explore 4355 Main Street - Bringhurst Village
SALE FLYER
DATA ROOM Click Here to Access
- Market Information
- Third Party Reports
- Investigations
PROPERTY FACTS Under Contract
| Price | $1,498,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.74 AC |
| Property Type | Land | ||
| Zoning | MXD - Residential & commercial. | ||
| Price | $1,498,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.74 AC |
| Zoning | MXD - Residential & commercial. |
1 LOT AVAILABLE
Lot 2
| Price | $1,498,000 | Lot Size | 1.74 AC |
| Price Per AC | $860,919.54 |
| Price | $1,498,000 |
| Price Per AC | $860,919.54 |
| Lot Size | 1.74 AC |
This lot includes only the mixed use portion of the project.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Arby's | - | - | 12 min walk |
| Subway | - | - | 13 min walk |
| Pizza Hut | - | - | 13 min walk |
| Wendy's | - | - | 14 min walk |
RETAIL |
||
|---|---|---|
| Great Clips | Salon/Barber/Spa | 13 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 12 min walk |
| Ace Hardware | Hardware | 13 min walk |
HOTELS |
|
|---|---|
| Holiday Inn Express |
75 rooms
6 min drive
|
| Hampton by Hilton |
102 rooms
10 min drive
|
| SureStay Collection |
75 rooms
12 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $215,656 | |
| Land Assessment | $11,119,625 | Total Assessment | $11,335,281 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,119,625
Improvements Assessment
$215,656
Total Assessment
$11,335,281
SALE ADVISOR
SALE ADVISOR
Austin Seegmiller, Broker
Meet Austin, a Utah real estate agent and devoted husband with a passion for the outdoors. Austin's knowledge of the state's diverse landscape, combined with his expertise in the real estate industry, makes him the go-to resource for buying and selling premier properties across Utah. In 2023, Austin gained renown in the region as he represented more buyer transactions than any other realtor in Utah.
Whether it's a mountain retreat, a lakeside cabin, or a sprawling ranch, Austin has the experience and dedication to help his clients find the perfect property for their lifestyle. When he's not closing deals, Austin can be found hiking, fishing, and exploring the great outdoors with his wife.
Whether it's a mountain retreat, a lakeside cabin, or a sprawling ranch, Austin has the experience and dedication to help his clients find the perfect property for their lifestyle. When he's not closing deals, Austin can be found hiking, fishing, and exploring the great outdoors with his wife.
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4355 Main St - 60-Unit Mixed-use Fully Entitled Development
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