Property Attributes
- MLS#2160812
- TypeLand
- Listing Status Active
- CountyUINTAH
- CityVernal
- AreaVernal
- NeighborhoodVERNAL CITY PLAT A
- Zip84078
- Style
- Taxes$ 1
- Price$ 750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.55 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
Fully Entitled Mixed-Use Development. Vernal's First Urban-Style Condo Project. Rare opportunity to acquire a fully engineered, permit-ready mixed-use development in Vernal, Utah. Positioned as the first project of its kind in the market, the development has received substantial support and cooperation from the city and is expected to serve as a catalyst for continued downtown growth and activation. The proposed development consists of 18 residential condominiums and 5 street-front commercial suites designed to accommodate retail, or professional service users. The project has generated strong interest from prospective commercial tenants upon completion. Commercial NOI is projected at approximately $192,028 annually, including a 5% vacancy factor. Projected residential sellout is approximately $4,050,560. The neighboring city-funded and managed parking structure was developed with this project in mind and includes EV charging infrastructure, representing over $650,000 in public investment benefiting the site. The project includes eligibility for a $100,000 city facade improvement grant, further enhancing project value and streetscape appeal. All engineering plans are included in the sale, and negotiated construction pricing is available through the seller's proposed builder services. Seller is an experienced builder offering to complete the project for a 7.5% build fee, or buyers may elect to use their own contractor. Build appraisal available upon execution of NDA.
| Elementary School | Middle School | High School |
|---|---|---|
| Ashley Elementary School | Vernal Mid | Uintah High School |
| Price History | |
|---|---|
| 5/27/2026 | Listed $900,000 |
| 6/18/2026 | 6$850,000 |
| 7/15/2026 | 12$750,000 |
General Features
| Sewer | Sewer: Available |
|---|---|
| Utilities | Natural Gas Available,Electricity Available,Power: Not Connected,Sewer Available,Gas: Stubbed,Sewer: Stubbed |
| Zoning | Multi-Family,Commercial |
| Property Subtype | Commercial |
| Current Use | Commercial,Multi-Family |
| County | Uintah |
| New Construction | No |
| Property Type | Land |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | VERNAL CITY PLAT A |
| Facing Direction | Southwest |
| Garage Y/N | No |
| Status | Active |
| High School | Uintah |
| City | Vernal |
| Senior Community Y/N | No |
| High School District | Uintah |
| Zoning Description | MX |
| MLS Area | Vernal; Naples; Jensen |
| Lot Size Units | Acres |
| Lot Size Square Feet | 23958.0 |
| Carport Y/N | No |
| Listing Terms | Cash,Commercial Fin. Req.,Conventional |
| Elementary School | Ashley |
| Property Attached Y/N | No |
| Tax Annual Amount | 1.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Vernal Mid |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Uintah |
| Elementary School District | Uintah |
| PostalCity | Vernal |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
Exterior Features
| Lot Features | Corner Lot |
|---|---|
| Lot Size Area | 0.55 |
| Spa | No |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.55 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties