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5600 Canyon rd 5.9 Acres of Residential Land Offered at $2,300,000 in Provo, UT 84604
Executive Summary
Introducing a premier condo development site in the Riverbottoms area of Provo, near the mouth of Provo Canyon. With zoning and concept plans approved by the City of Provo, the property presents an opportunity for a developer to pursue a thoughtfully designed residential community in one of Provo’s strongest growth areas. The current concept plan provides for the potential development of approximately 46 residential units totaling 82,612 square feet across four floors, along with a potential underground/podium parking area with approximately 57 parking stalls. The site also offers potential access off Indian Trails Road, private trail access, and opportunities for additional amenities. The property encompasses approximately 5.90 acres, with just over 2 acres designated as buildable. The property is zoned Arbors on the Avenue Pro Zone, a zoning designation designed for properties just south along University Avenue with similar site requirements. With zoning and concept plans already approved, the site offers developers a strong opportunity to pursue a residential project in a desirable Provo location.
Property Facts
| Price | $2,300,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 5.90 AC |
| Property Type | Land | ||
| Zoning | MDR - Medium Density Residential Zone | ||
| Price | $2,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 5.90 AC |
| Zoning | MDR - Medium Density Residential Zone |
1 Lot Available
Lot
| Price | $2,300,000 | Lot Size | 5.90 AC |
| Price Per AC | $389,830.51 |
| Price | $2,300,000 |
| Price Per AC | $389,830.51 |
| Lot Size | 5.90 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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