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636 S 300 W - Premium Multifamily Development Site
0.69 Acres of Commercial Land Offered at $4,057,614 in Salt Lake City, UT 84101
Investment Highlights
- Strong area demographics, with average household income for 2022 at $89,140 within a 3-mile radius.
- Unrivaled access and location.
- Well positioned within an opportunity zone with desirable D-2 zoning.
Executive Summary
and features convenient freeway access, flexible zoning, and direct proximity to multiple full block mixed-use projects that will act as anchors and catalysts for the neighborhood.
Property Facts
Price | $4,057,614 | Proposed Use | |
Sale Type | Investment | Total Lot Size | 0.69 AC |
No. Lots | 1 | Tenancy | Single |
Property Type | Land | Opportunity Zone |
Yes
|
Property Subtype | Commercial |
Price | $4,057,614 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 0.69 AC |
Tenancy | Single |
Opportunity Zone |
Yes |
1 Lot Available
Lot 1
Price | $4,057,614 | Lot Size | 0.69 AC |
Price Per AC | $5,880,600 |
Price | $4,057,614 |
Price Per AC | $5,880,600 |
Lot Size | 0.69 AC |
0.69 acres of previously-developed land.
Description
The focus and vision for the Granary District stems around creating “sense of place” where residents can live, work, and play. The Salt Lake City legislature and developers are in the process of creating a highly-walkable, arts-driven district with an urban village feel by incorporating new development in with creative adaptive reuse concepts utilizing the charm and character of the existing vintage warehouse buildings. New development and adaptive reuse concepts in the district are reaching the market at rapid pace, delivering architecturally stunning designs that are attracting some of the city’s most exciting businesses. Situated in a rare D-2 (Downtown Support District) zone, this development site allows for building heights of 65 feet as of right and up to 120 feet through the design review process. This flexible zoning provides developers flexible optionality around construction type, design, and activation of roof for an incredible amenity deck. In addition to desirable zoning, the site is situated in an Opportunity Zone. The southern boundary of downtown Salt Lake City has steadily moved south as the city continues to expand its urban core. The 600 South corridor has seen several sizeable projects deliver over the past few years. Located less than one block north of the site is Post District, a full block, mixed-use project that features not only apartment units but local favorite restaurants and breweries, the SLC Traeger Grill office headquarters, and fully leased creative office space. Two blocks to the east is 650 Main, a new ten-story, 327,000 SF class A office building that boasts beautiful architecture and design and helps round out the neighborhood as a true live, work, play destination. Other notable area developments include Industry SLC, Fleet Block, and a new state-of-the-art hospital. This site features incredible access to Salt Lake City’s major transportation corridors and expressways. Access to I-15, Utah’s main north and south freeway, is located within a 2-minute drive of the site, with the primary on ramp located on 500 south and the primary off-ramp into the city on 600 south. Due to the immediate freeway accessibility, the Salt Lake City International Airport is located within a 9-minute drive of the site.
PROPERTY TAXES
Parcel Number | 15-01-454-014-0000 | Improvements Assessment | $38,800 |
Land Assessment | $3,102,300 | Total Assessment | $3,141,100 |
PROPERTY TAXES
zoning
Zoning Code | D-2 (Downtown Support District) |
D-2 (Downtown Support District) |
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636 S 300 W - Premium Multifamily Development Site
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