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7444 S State St - State Street Land
1.66 Acres of Residential Land Offered at $1,500,000 in Midvale, UT 84047
Investment Highlights
- Conveniently located right on state street
- Potential to rezone SF1 (duplexes) to RMF (townhouses)
- Potential to increase 1.66 acres with connecting parcels
Executive Summary
High traffic counts
Excellent opportunity for Development
**NON ENTITLED LAND**
ACHITECH WORK DONE FOR 1.66 ACRES FOR 23 TOWN HOMES. ADDITIONAL 1 ACRE CAN BE AQUIRED BY BUYER IN SEPERATE SALE FROM PRIVATE HOME OWNERS. MIDVALE CITY WILL REZONE FROM SF1 TO RMF IF ALL 3 NEIGHBORS AGREE TO THE REZONE. NEIGHBORS WANT TO SELL POSSIBLY, TOTALLING TOTAL ACREAGE TO 2.66. LISTING AGENT IS IN CONTACT WITH ALL 3 PROPERTY OWNERS. THERE IS AN EASEMENT ON ONE OF THE PARCELS CONNECTING 7500S, ARCHITECH WORK WAS PERFORMED ASSUMING THE END BUYER WILL ELIMINATE THE EASEMENT.
Property Facts Under Contract
| Price | $1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 1.66 AC |
| No. Lots | 1 |
| Price | $1,500,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.66 AC |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 1.66 AC |
| Price Per AC | $903,614 |
| Price | $1,500,000 |
| Price Per AC | $903,614 |
| Lot Size | 1.66 AC |
*NO ENTITLEMENTS*DEVELOPEMENT OPPORTUNITY! CURRENTLY ZONED SF1, CITY WILL REZONE TO RMF WITH CERTAIN STIPULATIONS, PLEASE CONTACT AGENT TO ASK. SALE INCLUDES A STOREFRONT BUSIENSS AND A SINGLE FAMILY HOME ON THE BACK PARCEL SELLER FINANCE AVAILABLE.
Description
DEVELOPEMENT OPPORTUNITY! CURRENTLY ZONED SF1, CITY WILL REZONE TO RMF WITH CERTAIN STIPULATIONS, PLEASE CONTACT AGENT TO ASK. SALE INCLUDES A STOREFRONT BUSIENSS AND A SINGLE FAMILY HOME ON THE BACK PARCEL SELLER FINANCE AVAILABLE, TERMS ARE 500K DOWN, 3 YEAR BALLOON AT 5% RATE. FOR SALE, 4 CONNECTING PARCELS ID: 21254270090000, 21254270360000, 21254270470000, 22303010120000 TOTALING 1.66 ACRES. A ACHITECH WORK DONE FOR 1.66 ACRES FOR 23 TOWN HOMES. ADDITIONAL 1 ACRE CAN BE AQUIRED BY BUYER IN SEPERATE SALE FROM PRIVATE HOME OWNERS. MIDVALE CITY WILL REZONE FROM SF1 TO RMF IF ALL 3 NEIGHBORS AGREE TO THE REZONE. NEIGHBORS WANT TO SELL POSSIBLY, TOTALLING TOTAL ACREAGE TO 2.66. LISTING AGENT IS IN CONTACT WITH ALL 3 PROPERTY OWNERS. THERE IS AN EASEMENT ON ONE OF THE PARCELS CONNECTING 7500S, ARCHITECH WORK WAS PERFORMED ASSUMING THE END BUYER WILL ELIMINATE THE EASEMENT. SELLER FINANCE AVAILABLE, TERMS ARE 500K DOWN, 3 YEAR BALLOON AT 5% RATE.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,025,300 | |
| Land Assessment | $852,300 | Total Assessment | $1,877,600 |
PROPERTY TAXES
zoning
| Zoning Code | sf1 (sf1 with potential rezone to RMF) |
| sf1 (sf1 with potential rezone to RMF) |
Presented by
7444 S State St - State Street Land
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