Development Opportunity, Cedar City, UT 84721

Great Development Opportunity. 279.54 acres currently zoned R-1 for .25 acre residential lots. Recently annexed into Enoch City limits. Properties could qualify for a Master Plan Community through Enoch City, allowing 700 plus homes to be spread out to have equestrian lots, .25 acre lots, high density or mixed use throughout the planned community. Potential to re-zone for commercial projects such as an RV park or storage unit facility. Price includes 85.8 ACFT of water with a priority date of 1925 (Water Right #73-3484). Seller has also recently purchased an additional 101 ACFT of water (post-1934), associated with Water Rights 73-3002, 73-3092, and 73-3747, further enhancing the development potential of the property. Seller has made significant progress with Enoch City and is nearing completion of a full development agreement, which will outline how the entire 279.54 acres can be developed, with densities anticipated to range from high density to lower-density/equestrian-style lots throughout the community. Utilities are adjacent to the property boundaries. Sale consists of 4 parcels: A-0909-0037-0000, A-0909-0026-0000, A-0909-0029-0000, A-0909-0025-0000 and 85.8 ACFT of Water Right #73-3484. Buyer to verify.