Contact Jennifer

Jennifer Stickler Jennifer@mountainluxury.com 801.430.0073 Principal Broker

Description

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. 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.

Property Details

Heating	Forced Air, Gas: Central
Cooling	Evaporative Cooling
Water/Sewer	Culinary, Sewer: Connected
Year Built	1937
Garage	2 Spaces
Style	Rambler/Ranch
Taxes	$3,000