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681 E 700 N - 700 North 2.69 Acres of Residential Land Offered at $11,932,000 in Logan, UT 84321
EXECUTIVE SUMMARY
Property Overview:
The property encompasses a total of 2.69 acres, consisting of eight contiguous lots. Currently, these lots are occupied by vacant single-family homes and multi-tenant buildings, offering significant redevelopment potential.
Zoning and Development Potential:
This site is zoned CR-Campus Residential, which allows for a high-density student housing development. The zoning permits up to 40 units per acre, with each unit accommodating up to 6 bedrooms. Additionally, the maximum allowable building height is 55 feet, providing flexibility for multi-story construction.
Proximity to University and Demand:
The property's prime location is ideal for serving the student population of the adjacent Utah State University. With a current enrollment of 28,900 students at Utah State University, there is strong demand for quality student housing in the area.
The property encompasses a total of 2.69 acres, consisting of eight contiguous lots. Currently, these lots are occupied by vacant single-family homes and multi-tenant buildings, offering significant redevelopment potential.
Zoning and Development Potential:
This site is zoned CR-Campus Residential, which allows for a high-density student housing development. The zoning permits up to 40 units per acre, with each unit accommodating up to 6 bedrooms. Additionally, the maximum allowable building height is 55 feet, providing flexibility for multi-story construction.
Proximity to University and Demand:
The property's prime location is ideal for serving the student population of the adjacent Utah State University. With a current enrollment of 28,900 students at Utah State University, there is strong demand for quality student housing in the area.
PROPERTY FACTS
| Price | $11,932,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.69 AC |
| Property Type | Land | ||
| Zoning | CR - Campus Residential | ||
| Price | $11,932,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.69 AC |
| Zoning | CR - Campus Residential |
1 LOT AVAILABLE
Lot 1
| Price | $11,932,000 | Lot Size | 2.69 AC |
| Price Per AC | $4,435,687.73 |
| Price | $11,932,000 |
| Price Per AC | $4,435,687.73 |
| Lot Size | 2.69 AC |
PRIME STUDENT HOUSING DEVELOPMENT OPPORTUNITY: The subject property is the largest of 8 contiguous lots that make up the 2.69 acre land purchase opportunity for a new student housing development, adjacent to Utah State University with 28,900 students
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681 E 700 N - 700 North
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