1734 S West Temple - Ballpark Development Opportunity 0.48 Acres of Residential Land Offered at $1,800,000 in Salt Lake City, UT 84115

You’ve found the impossible: nearly a half acre of land in a prime SLC location ripe for multi-family development, either for sale or for rent. MU-5 zoning is already in place, with no historic preservation restrictions. The property is two contiguous parcels, each 0.24 acres. One parcel has a 1,700 SF single-family home with 3 beds, 2 baths and a small one car garage. The other parcel has a 2,935 SF up/down duplex with a two car garage. All three units currently have tenants, so the property can continue to generate income while you prepare plans and obtain permits. It’s no secret that parts of the Ballpark are still pretty damn gritty. This part isn’t. It’s a lovely tree-lined stretch of West Temple, nestled between one of the Ballpark’s most successful residential developments (the EDITH, with recent sales in the $500K to $600K range) and a few well-kept single family homes. It’s a perfect spot for new multifamily development, whether you’re interested in building upmarket offerings or more affordable units.