Property Description

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

Features
View:
Mountain(s), Valley, Meadow, River
Assessments:
Split 50/50
Other Structures:
Shed(s)
Property Description:
Natural Vegetation, Level
Ranch Amenities:
River, Irrigation - Partial
Recreation Access:
Creek/river Front
Water:
Irrigation
Address Map
Country:
US
State:
UT
County:
Wasatch
City:
Midway
Zipcode:
84049
Street:
225 East 850 South
Longitude:
W112° 32' 11''
Latitude:
N40° 29' 36.5''
Geographic Area:
Heber and Midway
Subdivision:
Commercial Land
Major Area:
Heber Valley
Area:
30 - Midway
MLS Addon
Office Name:
CBRE, Inc
Agent Name:
Patrick Juhlin
ListingMemberShortId:
13371
ListingOfficeShortId:
3656
Apx Taxes:
$134
Tax Year:
2024
Tax ID:
00-0008-5253
School District:
Other
Road Frontage Type:
Public, Private Road

Land For Sale

225 East 850 South, Midway, Utah 84049

$45,000,000
Listing ID #12502429
Basic Details
Property Type :
Land
Listing Type :
For Sale
Listing ID :
12502429
Price :
$45,000,000
Status :
Active
List Price/SqFt :
$214,286
Sub-Type:
Other
Contact Agent