459 N 100 W, Logan, UT 84321

$1,437,000

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List Price
$1,437,000
Status
ACTIVE
MLS#
2188388
Days on Market
0
Parcel Number
05-080-0032
Acres
2.21
County
Cache
Region
Logan; Nibley; River Heights

Property Description

1. A growing county 145,000 people, growing 1.7% a year, faster than Utah as a whole. Unemployment sits at 3.1%, tied for the lowest in the state, with Utah State's 29,831 students as a permanent rental-demand baseline. 2. One block off Main Street One block west of Main Street with 165 feet on the 100 West bypass and 82.5 feet on 500 North, five parcels that only work as one sale. 3. Plans already drawn A few different plans have been drawn for the site, including multifamily with ground-floor commercial. The frontage is TC-2 at 30 units per acre, the rear parcels MR-12 at 12 per acre. Marcus & Millichap is pleased to present Logan Land. The county around it keeps adding people. About 145,000 people live here, 2,383 more than a year ago, a 1.7% growth rate that outpaces Utah as a whole. Unemployment sits at 3.1%, tied for the lowest in the state and well under the national average. A few minutes east, Utah State's 29,831 students form a steady baseline of rental demand underneath the county's own growth. This site puts that demand one block west of Main Street in downtown Logan, with 165 feet of frontage on 100 West, the city's north-south bypass. The frontage carries TC-2 zoning at 30 units per acre, with the rear parcels zoned MR-12 at 12 per acre. A few different plans have already been drawn for the site, including multifamily concepts with ground-floor commercial. While you entitle, the existing 4-plex pays $3,000 a month toward your carry.

Additional Information

Taxes
$4,362
School District
Logan
Elementary School
Ellis
Middle School
Mt Logan
High School
Logan

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Listing courtesy of Marcus & Millichap Real Estate Investment Services, INC.

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