432 S Main St - Fully Papered Multi-Family Project 1.33 Acres of Commercial Land Offered at $750,000 in Tooele, UT 84074
INVESTMENT HIGHLIGHTS
- 21 Unit development.
- Final stages of approval.
- Engineering & architecture complete.
EXECUTIVE SUMMARY
Prime 1.33-acre parcel available on Main Street in Tooele, perfectly situated in the town center and ready for a 21-unit multi-family apartment development. It is currently in the final approval stages and the purchase price includes all civil engineering and architectural work that has been completed, as well as survey, Phase I Environmental, geo tech, traffic, etc., and 4 water shares. City could also approve townhome development and allow a residential condo conversion.
PROPERTY FACTS
| Price | $750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.33 AC |
| Zoning | MU-G - Multifamily |
1 LOT AVAILABLE
Lot 1
| Price | $750,000 |
| Price Per AC | $563,909.77 |
| Lot Size | 1.33 AC |
1.33 acres of level land for development.
DESCRIPTION
Wonderful opportunity to take over a fully papered multi-family project. Engineering and architecture is already done. In final stages of approvals through the city.
1 of 1
PROPERTY TAXES
| Parcel Number | 02-064-0-0016 | Improvements Assessment | $0 |
| Land Assessment | $304,850 | Total Assessment | $304,850 |
