Excellent 34 acre development opportunity in city limits of St. George
The remaining development ground for Riverview Hills provides an exceptional opportunity for those interested in investing in the Flint Hills region. The area is known for housing shortages because it boasts a high quality of life, drawing buyers from strong job bases and affluent incomes.
There are approximately 34 acres left to develop. The preliminary plat would accommodate an additional 78 lots over 5 phases (could be subject to change in the future). The most probable sales price scenario projects an average of 16% annual ROI, making this not only a necessary amenity for the area, but a lucrative opportunity.
The city of St. George is interested in increasing housing in the area. Foundation Realty is actively compiling a list of builders to pre-purchase lots. There is a new state program called RHID that could cover some development costs, if approved. And, if the current plat is moved forward, much of the engineering and planning is already done.
This project represents a very rare and appealing opportunity to develop in the Flint Hills region.
