$500,000 Price Analysis   ♡   Salt Lake City, UT 84104 Unknown bed 0 bath unknown SqFt ($0/SqFt) 6,970SqFt lot. Listed 2024-03-28, Taxes $988 | Ⓧ USDA Ineligible due to property near Salt Lake City |
INCREDIBLE INVESTMENT OPPORTUNITY located two blocks from the Power District
* Sale Pending *A picturesque, 100-acre planned development in the heart of Salt Lake City's westside anticipated to begin in late 2024 and shovel-ready site for a planned Major League Baseball ballpark. This property is located in an Opportunity Zone with Transit Station Area (TSA) high-density zoning. A similar parcel to the east on Euclid, once a residential listing, was redeveloped as high-density townhomes with each 1, 100 sf unit selling for $450, 000 or more in 2022. Another high-density 5-plex is planned on a similar parcel to the north on Euclid that is in the permitting process. The adjacent land parcel to the west on Euclid, having already been scraped, is also in the permitting prcess for 40 units. A vacant, uninhabitable home is situated on the property, but the property is being sold for its land value. A bid has been obtained to scrape the lot and soil testing has already been done. A recent commercial appraisal values the property at much higher than the list price. The location is ideally situated between the Salt Lake City International Airport and the intersection of three major interstates (I-80, I-15, I-215) and is close to UTA's light rail system, TRAX, which runs along the Power District and includes two stations. It is among the most accessible locations along the Wasatch Front, 15 minutes to the University of Utah and 40 minutes to Park City and Utah's world-class ski resorts. Don't miss this opportunity to invest in what will be highly sou ght-after real estate right next to the anticipated Power District!
Property sold as-is with no warranties on the home or garage. No property tours at this time.
Presented by Heather M. Sneddon, JD at
Summit Sotheby's International Realty.
Property MLS #1988772 from UtahRealEstate
Lot Size Acres: 0.16
Lot Size Dimensions: 0.0x0.0x0.0
Topography: Terrain: Flat
Lot Size Square Feet: 6970
Elementary School District: Salt Lake
High School District: Salt Lake
Middle or Junior School District: Salt Lake
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: Salt Lake
Cross Street: 190
Current Use: Residential
Disclaimer: Information not guaranteed. Buyer to verify all information.
Source Property Type: Land
Source Neighborhood: ARCHER-KULLAK SUB
Parcel Number: 15-02-251-011
Postal City: Salt Lake City
Subdivision: ARCHER-KULLAK SUB
Zoning: Multi-Family
Zoning Description: TSA-UN
Property Subtype: Residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $93,830 | $988 |
| 2021 | $unknown + $unknown $74,690 | $869 |
| 2019 | $unknown + $unknown $70,070 | $910 |
| 2018 | $46,400 + $49,000 $95,400 | $700 |
| 2017 | $44,200 + $49,000 $93,200 | $730 |
| 2016 | $43,600 + $41,200 $84,800 | $699 |
| 2015 | $unknown + $unknown $52,400 | $456 |
| 2014 | $unknown + $unknown $46,300 | $406 |
| 2013 | $unknown + $unknown $63,900 | $586 |
| 2012 | $unknown + $unknown $66,900 | $589 |
| 2011 | $unknown + $unknown $39,545 | $613 |
$500,000
UtahRealEstate
Sold 2022-11-23
$0
UtahRealEstate
Sold 2022-07-22
$0
Public Record
Sewer: Public, Gas: Stubbed, Power: Stubbed, Sewer: Stubbed
Living Area Units: Square Feet
Property Condition: Blt./Standing
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.