S W 1170 S Unit H-4-2-1-238-GS1, Hurricane, UT 84737

Property Description

PURCHASE OPTIONS:As-is- $8,000,000($62,992.13 per planned unit). Buyer acquires the project in its current condition.Pad-Ready- $10,000,000 ($78,740.16 per planned unit). Includes an additional $2,000,000 for the seller/GC to complete the work necessary to deliver the 127-unit project pad-ready.DEVELOPMENT OPPORTUNITY!Property type: Convertible Land & Condominium DevelopmentAcreage: 6.93 acresPlanned residential units: 127Development Structure: Single-phase projectDEVELOPMENT PROGRAM* 11 Ten-Plex Buildings (110 Units)* 1 Eight-Plex Building (8 Units)* 1 Four-Plex Building (4 Units)* Additional Residential Allocation (5 Units)* 13 Residential Buildings + Storage Facility* Total Planned Residential Units 127INVESTOR ADVANTAGES* Fully engineered condominium development opportunity* Civil engineering, grading, drainage, utility and roadway plans approved* Excavation/site approvals obtained* Minutes from Sand Hollow Reservoir and Golf Course* Second-home marked location* Access to 16 Pickleball Courts* Single-phase development plan for all 127 units* Two acquisition options: purchase as-is or purchase pad-readyDEVELOPMENT STATUSCivil engineering, grading, drainage, utility, and roadway plans are approved. Final architectural and building permit approvals are pending.