84 S 100 W, Vernal, UT 84078
84 S 100 W, Vernal, UT 84078
84 S 100 W, Vernal, UT 84078
84 S 100 W, Vernal, UT 84078
84 S 100 W, Vernal, UT 84078
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Julie Bryner

Julie Bryner

+1(801) 368-1449
$ 900,000
Est. payment | /mo

0.55 Acres Lot

Save
$ 900,000
Est. payment | /mo
Save

0.55 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Vernal City Plat A

MLS Listing ID 2160812

HOA Y/N No

Annual Tax Amount $1

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Commercial

Property Description

Fully Entitled Mixed-Use Development. Vernal's First Urban-Style Condo Project. Rare opportunity to acquire a fully engineered, permit-ready mixed-use development in Vernal, Utah. Positioned as the first project of its kind in the market, the development has received substantial support and cooperation from the city and is expected to serve as a catalyst for continued downtown growth and activation. The proposed development consists of 18 residential condominiums and 5 street-front commercial suites designed to accommodate retail, or professional service users. The project has generated strong interest from prospective commercial tenants upon completion. Commercial NOI is projected at approximately $192,028 annually, including a 5% vacancy factor. Projected residential sellout is approximately $4,050,560. The neighboring city-funded and managed parking structure was developed with this project in mind and includes EV charging infrastructure, representing over $650,000 in public investment benefiting the site. The project includes eligibility for a $100,000 city facade improvement grant, further enhancing project value and streetscape appeal. All engineering plans are included in the sale, and negotiated construction pricing is available through the seller's proposed builder services. Seller is an experienced builder offering to complete the project for a 7.5% build fee, or buyers may elect to use their own contractor. Build appraisal available upon execution of NDA.

Location

State UT

County Uintah

Area Vernal; Naples; Jensen

Zoning Multi-Family, Commercial

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Available, Electricity Available, Power: Not Connected, Sewer Available, Gas: Stubbed, Sewer: Stubbed

View Y/N Yes

Present Use Commercial,Multi-Family

Private Pool No

Building

Lot Description Corner Lot

Faces Southwest

Sewer Sewer: Available

New Construction No

Schools

Elementary Schools Ashley

Middle Schools Vernal Mid

High Schools Uintah

School District Uintah

Others

Senior Community No

Tax ID 05:026:0014

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Listing Terms Cash, Commercial Fin. Req., Conventional

Listed by Evolve Real Estate & Management LLC
Julie Bryner

+1(801) 368-1449

julie@bryner.biz

6975 Union Park Ave Ste 600, Heights, UT, 84047, United States

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84 S 100 W