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4355 Main St - 60-Unit Mixed-use Fully Entitled Development 1.74 Acres of Residential Land Offered at $2,063,495 CAD in Hyde Park, UT 84318
Investment Highlights
- Less than a 10-minute drive from Utah State University and multiple shopping, dining, and entertainment amenities in Smithfield, Hyde Park, and Logan.
- Hyde Park residential home values are rapidly rising as the average home value increased by approximately 53% from 2020 to 2025.
- Encompassing three different multiple-bedroom floor plans, residents will have ample parking of 985 stalls and 23% open space.
- Navigate to the Data Room to learn more, including a geotechnical report, civil and architectural drawings, bids, and approval letters.
Executive Summary
Just fell out of contract. All utilities and improvements have been stubbed to site.
Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground..
**Included in the Sale:**
Civil Plans
Architectural Designs
Geotechnical Report
City & UDOT approval
Topographical Survey
Easements & Utility Plans
Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground..
**Included in the Sale:**
Civil Plans
Architectural Designs
Geotechnical Report
City & UDOT approval
Topographical Survey
Easements & Utility Plans
Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
Data Room Click Here to Access
- Market Information
- Third Party Reports
- Investigations
Property Facts
| Price | $2,063,495 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.74 AC |
| Property Type | Land | ||
| Zoning | MXD - Residential & commercial. | ||
| Price | $2,063,495 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.74 AC |
| Zoning | MXD - Residential & commercial. |
1 Lot Available
Lot 2
| Price | $2,063,495 CAD | Lot Size | 1.74 AC |
| Price Per AC | $1,185,916.72 CAD |
| Price | $2,063,495 CAD |
| Price Per AC | $1,185,916.72 CAD |
| Lot Size | 1.74 AC |
This lot includes only the mixed use portion of the project.
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $299,762 CAD | |
| Land Assessment | $15,456,279 CAD | Total Assessment | $15,756,040 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$15,456,279 CAD
Improvements Assessment
$299,762 CAD
Total Assessment
$15,756,040 CAD
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4355 Main St - 60-Unit Mixed-use Fully Entitled Development
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