225 East 850 South
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Vacant Land in Midway 30
Midway, UT 84049 MLS# 12502429
210.00 acres
Offered at $45,000,000Vacant Land in Midway 30
Midway, UT 84049 MLS# 12502429
210.00 acres
CBRE is pleased to present a rare opportunity to purchase 210 acres nestled between the Provo River and the growing city of Midway, Utah. This property not only has amazing views of Mt. Timpanogos and the surrounding valley, it also has multiple options for development, including Resort, Commercial and Residential.This expansive 210-acre property consists of 11 parcels, each a lot of record, in Wasatch County, currently zoned as A-20, with the southern 160 acres designated for resort development and the northern 50 acres designated as RA-1-43 in the Midway City General Plan. Each parcel has a Lot of Record Certificate, ensuring their legal standing for developing beautiful, secluded estate lots. All or part of the property could be annexed into Midway City, increasing the development potential.RZ Resort Zone (Approximately 160 acres located within this zone) Commercial/Retail - 20% of the gross floor area must be commercial. 25% of the commercial area must be these uses: Retail Alcohol Dispensing Establishments (with local consent) Photo, Art, Craft galleries, and retail showrooms Cafes and restaurants Private Clubs & Taverns Hotels / Nightly Rentals - 30% gross floor area must be Hotels or Nightly Rentals (prohibiting rentals longer than 30 days). Stimulates collection of transient room tax (hotel tax). Long Term Rentals - 10% of gross floor area can be long-term rentals. - Apartments are NOT permitted - Build for rent possibilityRA-1-43 (Residential Agricultural Zone) 50 to 210 acres One lot per acre density - Possibility to cluster density if you apply for a large-scale development plan and PUD.Parcels: 00-0008-5253, 00-0008-5360, 00-0008-5030, 00-0008-5436, 00-0008-5428, 00-0008-5402, 00-0008-6590, 00-0008-7077, 00-0008-6616, 00-0008-6608, 00-0008-6640206.79 Midway Irrigation Class I water shares
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Listing Courtesy of CBRE
