
Indian Canyon (USU Property) (October 19, 2016 Auction)
(SEE ATTACHED APPRAISAL)
SOLD FOR $700,000
General Information | |||||||||||||
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CLOSING COSTS: |
These costs cannot be financed and are in addition to the 5% down payment. All closing costs are due from the prevailing bidder at the auction.
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Legal Description: |
Parcel # 02-0013-0003 Parcel # 02-0015-0005 Parcel # 02-0418-0001 |
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Location: |
The property is located approximately 12 miles northeast of Helper, Utah, along the east and west sides of Highway 191. |
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Access: |
The property is accessible from Highway 191, which runs through the property. |
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Other: |
Along with the land, the sale also will include three industrial office/warehouse buildings which were constructed in the 1980’s, which are one to two-story, containing 52,051 gross square feet. The property was previously used by the College of Eastern Utah for mining education and then most recently used for manufacturing. The buildings are currently vacant. Also included with the sale will be six cranes inside the buildings. Please call for details. |
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Acreage: |
271.86 acres, more or less |
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Water: |
UPDATE from October 18, 2016: 20 shares of water from the Price River Water Irrigation District will be conveyed with the property. The water delivery system infrastructure is in place but is in need of repairs. |
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Utilities: |
Electricity is available on site. |
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Zoning: |
Recreation, Forestry and Mining and HMC: Historic Mining Camp Zone (RR&M and HMC) |
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Financing: |
Financing will NOT be offered for this property. A down payment of 5% and closing costs will be due at the auction. The remaining balance must be paid in full on or before November 30, 2016. Closing will occur at a local title company. |
Encumbrances | |
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Mineral Leases: |
The mineral estate is not owned by USU and will not be included as part of the sale. |
Surface Leases: |
There are no known easements, encroachments, covenants or other use restrictions that would unduly limit or impede development. (A right of entry permit with the Utah Division of Oil, Gas, and Mining will expire on December 31, 2016. See disclosures.) |
Disclosure and Contact | |
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Disclosures: |
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Contact for Additional Information: |
Joseph Jenkins Diane Lund |