Property Overview:
The property encompasses a total of 2.69 acres, consisting of eight contiguous lots. Currently, these lots are occupied by vacant single-family homes and multi-tenant buildings, offering significant redevelopment potential.
Zoning and Development Potential:
This site is zoned CR-Campus Residential, which allows for a high-density student housing development. The zoning permits up to 40 units per acre, with each unit accommodating up to 6 bedrooms. Additionally, the maximum allowable building height is 55 feet, providing flexibility for multi-story construction.
Proximity to University and Demand:
The property's prime location is ideal for serving the student population of the adjacent Utah State University. With a current enrollment of 28,900 students at Utah State University, there is strong demand for quality student housing in the area.