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$ 45,000,000
Est. payment /mo
Active
225 East 850 South Midway, UT 84049
9,147,600 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,147,600 sqft
Price per Sqft $4
Subdivision Commercial Land
MLS Listing ID 12502429
Annual Tax Amount $134
Tax Year 2024
Lot Size 210.000 Acres
Acres 210.0
Lot Dimensions 210.0
Property Sub-Type Other
Source Park City Board of REALTORS®
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 possibility
RA-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, 00-0008-6640
206.79 Midway Irrigation Class I water shares Please visit www.210midway.com for additional info and to download a property brochure.
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 possibility
RA-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, 00-0008-6640
206.79 Midway Irrigation Class I water shares Please visit www.210midway.com for additional info and to download a property brochure.
Location
State UT
County Wasatch
Community Commercial Land
Area 30 - Midway
Interior
Cooling None
Exterior
Utilities Available None
View Y/N Yes
View Meadow, Mountain(s), River, Valley
Building
Lot Description Level, Natural Vegetation
Water Irrigation
Schools
School District Other
Others
Tax ID 00-0008-5253
Listed by CBRE, Inc
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