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26 E Main St - Accepting Offers Again Lot • Terrain commercial • 0,27 Acres • 1 528 989 $ CAD • Lehi, UT 84043
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Full Permit Approved 22 Key Boutique Hotel Development on High Traffic Main Street Downtown Lehi
RÉSUMÉ DE L'ANNONCE
Prior buyer's financing fell, through. Accepting offerings on this great fully permitted property again!
Key Highlights:
Turnkey Opportunity: All groundwork, permits, and approvals completed by experienced developer.
Strong Financials: Pro forma projections indicate an 8-10% cap rate (potentially higher with conservative room rate assumptions).
Cost-Efficient: $65k per key vs. $100k+ average for upper midscale boutique hotels in high-traffic Western U.S. markets.
Flexibility: Property can be repurposed for multi-family housing (buyer responsible for new permits/approvals).
Financing: Development/construction loan approvals secured from three lenders.
Seller’s Position:
Experienced developer seeks to reduce workload and is not under pressure to sell. Full property purchase scheduled for October 1, 2025.
Included Documentation:
Property architecture approvals
Listing agreement and additional materials available upon request.
This is a rare, shovel-ready opportunity in a prime downtown Lehi location.
Key Highlights:
Turnkey Opportunity: All groundwork, permits, and approvals completed by experienced developer.
Strong Financials: Pro forma projections indicate an 8-10% cap rate (potentially higher with conservative room rate assumptions).
Cost-Efficient: $65k per key vs. $100k+ average for upper midscale boutique hotels in high-traffic Western U.S. markets.
Flexibility: Property can be repurposed for multi-family housing (buyer responsible for new permits/approvals).
Financing: Development/construction loan approvals secured from three lenders.
Seller’s Position:
Experienced developer seeks to reduce workload and is not under pressure to sell. Full property purchase scheduled for October 1, 2025.
Included Documentation:
Property architecture approvals
Listing agreement and additional materials available upon request.
This is a rare, shovel-ready opportunity in a prime downtown Lehi location.
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot
| Prix | 1 528 989 $ CAD | Taille du lot | 0,27 AC |
| Prix par AC | 5 662 922,11 $ CAD |
| Prix | 1 528 989 $ CAD |
| Prix par AC | 5 662 922,11 $ CAD |
| Taille du lot | 0,27 AC |
Hotel Development Project in Downtown Lehi Price: $1.4MM Property Size: 0.27 acres (Commercially Zoned) Development Plan: Fully approved 22-room boutique hotel ("Ember Hotel") with all city/county permits in place.
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26 E Main St - Accepting Offers Again
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