While in need of some TLC, this property comes with a versatile twist - it's zoned commercial, offering a world of possibilities for those looking to combine their living space with business potential. Located in a prime area, this home is an ideal find for savvy investors or entrepreneurs. Transform this fixer-upper into your dream business location or cozy abode. Don't miss out on this property's limitless potential! Square footage figures are provided as a courtesy estimate only and were obtained from Sanpete County. The buyer is advised to obtain an independent measurement.
Rare commercial investment opportunity located in booming Ephraim city. This is a great investment opportunity on a newly constructed commercial building with multiple uses and possibilities as an investment property. Building was designed with multiple uses in mind and can be used for retail, office, or flex office/industrial units. All 5 units currently leased up in the phase 1 building. Sale includes the completed full set of Architecture Plans & drawings for a future phase 2 building, to be built, on the North end of the property. All underground work for the proposed phase 2 building has been completed with all utilities (sewer, water, electric, gas) stubbed up on north end of property, greatly reducing the estimated time to build and the costs associated to construct the phase 2 building. Project will have two entrances into the property, one from 700 N. Street and the other from a future 100 E. road to be completed at a future date. Great investment property with lots of upside for future growth and improvement to the property. Landlord expenses include property taxes, Insurance, and exterior maintenance and utilities. Tenant expenses include all interior utilities and maintenance associated with their leased units.
The median home value in Ephraim, UT is $368,900. This is higher than the county median home value of $331,700. The national median home value is $338,100. The average price of homes sold in Ephraim, UT is $368,900. Approximately 52.7% of Ephraim homes are owned, compared to 42.3% rented, while 5% are vacant. Ephraim real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ephraim real estate agent to arrange a tour today!
Ephraim, Utah has a population of 5,671. Ephraim is more family-centric than the surrounding county with 51.25% of the households containing married families with children. The county average for households married with children is 45.01%.
The median household income in Ephraim, Utah is $60,982. The median household income for the surrounding county is $60,186 compared to the national median of $69,021. The median age of people living in Ephraim is 22 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 12.8 degrees. The average rainfall is approximately 12.7 inches per year, with 38.1 inches of snow per year.