29 N 1000 W, Salt Lake City, UT 84116

$3,499,000
List Price
$3,499,000
Status
UNDER CONTRACT
MLS#
1645475
Days on Market
294
Price Change
▼ $1,001,000 1581048176
Acres
1.1
Terms
Cash, Commercial Fin. Req.
County
Salt Lake
Region
Salt Lake City; Rose Park

Property Description

Just down the street from Fairpark Station and blocks from Salt Lake City's vibrant downtown core, this prime, mixed-use development site is in an ideal location to provide broad tenant appeal. While just minutes away from Salt Lake's shopping, eateries, and over 150,000 jobs, a scenic city park across the street provides a valuable retreat with ample green space. Situated on a flat, corner lot, the site easily accommodates most designs and provides easy access to the project. Located at the convergence point of a Qualified Opportunity Zone, RDA Project Area, and TSA-SP-T Zoning, the assemblage provides significant benefits to the savvy investor from 3 sources that are typically significant in and of themselves. Project has already received approval through the expedited TSA approval process. Most land due diligence (geotech, survey, engineering, etc.) has been completed as well. Building permit for 101 unit phase 1 is currently under review with the city and is expected to be issued by Jan. 2020. Site can accommodate a phase 2 of approximately the same size. Parcels included in sale: 08-35-378-013-0000, 08-35-378-014-0000, 08-35-378-003-0000, 08-35-378-004-0000, 08-35-378-007-0000, 08-35-378-008-0000, 08-35-378-009-0000.

Additional Information

Taxes
$7,768
School District
Salt Lake
Elementary School
Jackson
Middle School
Bryant
High School
West

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HomeRiver Utah.

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