Heather Lane

$1,560,000

12.22 Acres

Nephi, Utah, 84648

Investors and developers - this is your chance to secure 12.22 acres of fully usable land in one of Utah's fastest-growing rural markets. Located just west of Main Street with easement access, this parcel offers scale, flexibility, and long-term upside in a city experiencing 4.40% annual population growth (per appraisal: 'Nephi city... grew from 6,443 to 7,984 between 2020-2025'). The appraisal identifies the highest and best use as Residential, making this an ideal candidate for subdivision, build-to-rent, or phased development. Zoning includes CU-1 and A1-50, allowing a range of uses and potential for annexation to support higher-density residential or mixed-use concepts. The report notes the site is 'considered to have average functional utility and an average competitive rating,' giving investors a clean slate with no functional obsolescence.Parcel 1: XB00-2388-1 = 5.9 acres = $23.80 Annual Taxes Parcel 2: XB00-2393-1 = 4.5 acres = $18.37 Annual Taxes Parcel 3: XA00-2393-21 = .65 acres = $7 Annual Taxes Parcel 4: XA00-2388-2 = .880 acres = $7 Annual Taxes Parcel 5: XA00-2393-22 = .0808 acres = $24.97 Annual Taxes Parcel 6: XA00-2475 = .160 acres = $99.90 Annual Taxes