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- LoopNet Team
129 S 700 E
Salt Lake City, UT 84102
Land For Sale
·
1.43 AC
Investment Highlights
- Convenient premier east-side location centrally located between the area’s two largest value-drivers (the Central Business District and Univ of Utah).
- Location is within walking distance of public transportation.
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 1.43 AC |
| Zoning | RMF-45, SR-3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.43 AC |
| Zoning | RMF-45, SR-3 |
Description
HIGHLIGHTS INCLUDE: • Zoning allows for moderate/high-density development • Severe lack of remaining land development opportunities surrounding downtown, especially for premier east-side locations • Central Business District located 1.2 miles directly to the west • Goldman Sachs’ downtown presence is their second-largest office domestically behind New York, employing over 2,100 professionals and growing • Apartment and Office Development fuel one another - Several substantial Office projects underway including 95 State (450,000 SF) and 650 Main (640,000 SF) • University of Utah located 1.2 miles directly to the east • Currently enrolls over 33,000 students and is renowned for its public research initiatives • World-class medical system relies on 1,400 physicians and 5,000+ healthcare professionals across five hospitals and 12 clinics • Provides care to Utahans and residents of five surrounding states (10% of the U.S.) • Immediate proximity to one of Salt Lake City’s most sought after high-end residential neighborhoods, The Avenues • Walkable to significant retail and lifestyle amenities, including five major grocers (Whole Foods, Trader Joe’s, Sprouts Farmers Market, Smith’s Marketplace, Natural Grocers) and fitness providers (Orangetheory Fitness, CorePower Yoga) • Three and a half blocks to TRAX Light Rail Station
Property Taxes
| Parcel Number | 16-05-105-004-0000 | Improvements Assessment | $130,800 |
| Land Assessment | $2,419,100 | Total Assessment | $2,549,900 |
Property Taxes
