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Scenic Virgin River Development, Washington, Utah

DISCOUNTED: 39%
APPRAISED VALUE: $64,000,000
OFFERING PRICE: $39,000,000


750.02 ACRES MIXED USE DEVELOPMENT
SCENIC VIRGIN RIVER FRONTAGE
THREE PARCELS
WASHINGTON CITY, UTAH

BANK OWNED FORECLOSURE
INVESTMENT OFFERING

Appraised Value/BPO: $64,000,000
Discounted Offering Price: $39,000,000
Offered at 61% of Appraised Value



PROPERTY DESCRIPTION

Three Parcels Containing 750.02 Acres
Mixed Use Land LOCATION North Side of Washington Dam Road Within Sections 16, 17, 19, 20 and 21,
Township 42 South, Range 14 West,
Washington City, Utah 84780
COUNTY Washington
SITE SIZE 750.02 Acres
TOPOGRAPHY Level to Moderately Sloping
SHAPE Irregular
ROAD FRONTAGE Washington Dam Road
WATER FRONTAGE Virgin River
CONDITION Raw
UTILITIES All Public Utilities Stubbed to Site
ZONING PCD, Planned Community Development (198.32 Acres)
OS, Open Space (551.70 Acres)
LAND USES Single and Multi-Family Residential, Estate,
Neighborhood Commercial and Open Space
APPROVAL 198.32 Acres – 625 Single and Multi-Family
Unit Mix Plus Neighborhood Commercial and
Civic Uses - Approved February, 2006


OFFERING HIGHLIGHTS
WASHINGTON COUNTY, UTAH
  • BREATHTAKING MOUNTAIN VIEWS
  • AVERAGE OF 300 DAYS OF SUNSHINE PER YEAR
  • YOUNG, EDUCATED, EXPANDING COST EFFECTIVE WORKFORCE
  • STRONG DIVERSIFIED ECONOMY
  • FAMILY ORIENTED COMMUNITY
  • COUNTY POPULATION INCREASED 86% FROM 1990 TO 2000
  • AVERAGE ANNUAL GROWTH RATE OF 8%
  • FIFTH FASTEST GROWING COUNTY IN THE NATION
  • MINUTES FROM ST. GEORGE, CEDAR CITY AND INTERSTATE 15
  • CLOSE PROXIMITY TO ZION, BRYCE CANYON AND SNOW CANYON STATE PARKS, LAKE POWELL AND DIXIE NATIONAL FOREST
  • SHORT DRIVE TO SALT LAKE CITY, UTAH; MESQUITE, NEVADA; GRAND CANYON AND FABULOUS LAS VEGAS
SUBJECT
  • 750.02 ACRES
  • THREE SEPARATE TRACTS
  • VIRGIN RIVER WATER FRONTAGE
  • CLOSE TO INTERSTATE 15
  • LEVEL TO MODERATELY SLOPING TOPOGRAPHY
  • 25 ACRES OF FRONTAGE ALONG WASHINGTON DAM ROAD
  • ACCESS FROM SUNRISE VALLEY ROAD AND LANDFILL ROAD
  • REDUCED PROPERTY TAXES THROUGH GREENBELT CLASSIFICATION
  • ALL PUBLIC UTILITIES STUBBED TO PROPERTY
  • APPROVED IN FEBRUARY 2006 FOR 198.32 ACRES OF PLANNED MIXED USE COMMUNITY DEVELOPMENT

Contact Person's Name: James Jarrell
Contact Phone Number: +1 702-882-8657
Contact E-mail address: jjarrelldlgrealty@yahoo.com
Brokerage Name: DLG Realty and Investments

Submitted by: admin
Property ID Number: 8
Property ID Name: Utah 750
Added: Sat Apr 19 2008
Last Modified: Wed Apr 30 2008

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