Property Facts

Days on URE 35
Status UNDER CONTRACT
MLS# 1988772
Type Residential

INCREDIBLE INVESTMENT OPPORTUNITY located just two blocks from the Power District, 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 process 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, only 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 sought-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.

Property Features

Features Include:

  • Utilities: See Remarks; Sewer: Public; Gas: Stubbed; Power: Stubbed; Sewer: Stubbed
  • Lot: See Remarks; Curb & Gutter; Sidewalks; Terrain: Flat
  • Water: Stubbed
  • Ext. Features: See Remarks

Zoning Information:

  • Zoning: TSA-UN

Lot Size In Acres:

  • Acres: 0.16

Buyer's Brokerage Compensation

3% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.

Schools

Designated Schools

Elementary School Franklin
Middle School
High School
School District Salt Lake

Nearby Schools

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Heather M. Sneddon
Heather M. Sneddon
801-560-8932

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Listing Broker

Summit Sotheby's International Realty (Salt Lake)
1260 East Stringham Avenue
Suite 100
Salt Lake City, UT 84106
801-467-2100

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