Description
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
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12.22ACRES
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01/2 BATHS
School Information
Description
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
© 2026 Washington County Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Collective. Data last updated: 2026-07-15T11:47:01.137.