24th Street Investor/Builder/Developer Opportunity Rental Home + 1.03 Acres Property Details: 1.03-acre lot with single-family home (vacant, proven rental history). Seller motivated to build, but will consider offers to sell. Rezone approved by planning commission & City Council for 16+ mixed-use townhomes (~1,700 sq. ft. residential + 500 sq. ft.… Read More commercial, each with 2-car garages). Potential for Phase 2 expansion with additional acreage via vacated city road. Comparable sold new built townhomes are between $475K-$525K. Land value if fully entitled would be $1,100,000. Plenty of meat on the bone for a quick exit and lots of upside for the new owner. Opportunity: Prime location near new upcoming I-15 interchange, Weber State University, and downtown Ogden. Ogden City redevelopment driving demand for housing and mixed-use projects. Immediate options to lease home for income or use during entitlement/build-out. Not your typical rezone. Approvals secured include: rezone, development agreement, and code amendment. Ideal for 1031 exchange buyer with immediate utility and strong future upside. Amazing opportunity for an investor, developer, or builder. Buy now, cashflow, build next, cash out later with multiple exit strategies. Full project data room available upon request. All parcel's included in the sale are: 140200004, 1410200002, 140200001, 14020003 Square footage figures are provided as a courtesy estimate only and were obtained from County Assessor. Buyer is advised to obtain an independent measurement. Read Less
Courtesy of Luke Kennard, KW WESTFIELD 801-850-5600
Listing Snapshot
Days Online
61
Last Updated
Property Type
Residential
Lot Size
1.03 Acres
MLS Number
2134992
Additional Details
Property
Current Use: Residential, Commercial, Multi-Family, Direction Faces: South, Parcel Number: 14-020-0003, Property Condition: Blt./Standing, Property Sub Type: Residential, Property Type: Land, View YN: t
Lot
Frontage Length: 150.0, Lot Features: Additional Land Available, Corner Lot, Curb & Gutter, View: Mountain, Terrain: Flat, Lot Size Acres: 1.03, Lot Size Area: 1.03, Lot Size Dimensions: 150.0x450.0x150.0, Lot Size Square Feet: 44866, Lot Size Units: Acres, Topography: Terrain: Flat
Building
Living Area Units: Square Feet
Taxes
Tax Annual Amount: 3000
Utilities
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected
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