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1366 S 400 W - High Density Redevelopment Opportunity 0.53 Acres of Commercial Land Offered at $1,900,000 in Salt Lake City, UT 84115
Investment Highlights
- Proximity to major roads like I-15, 1300 South, and 300 West.
- Neighborhood retailers of Walmart, Costco, Lowes. Muiltifamily developments nearby.
- Great opportunity for high density development land.
- Ground Lease option available
Executive Summary
Property Facts
| Price | $1,900,000 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.53 AC |
| Zoning | MU-11 - MU-11 | ||
| Price | $1,900,000 |
| Sale Type | Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.53 AC |
| Zoning | MU-11 - MU-11 |
1 Lot Available
Lot
| Price | $1,900,000 | Lot Size | 0.53 AC |
| Price Per AC | $3,584,905.66 |
| Price | $1,900,000 |
| Price Per AC | $3,584,905.66 |
| Lot Size | 0.53 AC |
- High Density Development Land -.53 of an Acre (23,087 SF) - Ground Lease Available - Located in the Qualified Census Tract - Zoning: CG (Soon to be MU8) - Freeway Adjacent
Description
Piece of land in prime location in an area with heavy traffic and a strong retail presence. Currently with a 6000 SF building on .53 acre parcel. Additional garages in back for dead storage. Frontage to I15. Proximity to 1300 South and 300 West. A multifamily development opportunity in one of Salt Lake City's most supply-constrained corridors. This 0.53-acre site is zoned MU-11 with plans drawn for a 90-unit project — comprising 60 studios, 20 one-bedrooms, and 10 two-bedrooms across 7 stories with 36 parking stalls. Positioned directly adjacent to I-15 with exceptional freeway visibility, the site sits in a Qualified Census Tract, opening the door to NMTC, LIHTC, and other favorable financing structures. Neighboring new residential developments like The Whitney and The Paxton signal strong market momentum in the area. Ground lease also available for developers seeking to preserve capital.
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1366 S 400 W - High Density Redevelopment Opportunity
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