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3902 S State St - Redevelopment Opportunity 4.85 Acres of Commercial Land in Millcreek, UT 84107
Executive Summary
This 4.85-acre redevelopment site represents one of the most significant investment opportunities on the State Street corridor. Situated within a Federally Designated Opportunity Zone, the property offers unparalleled tax advantages, including capital gains deferral and tax-free growth on the new development. Its strategic location within the Transit-Oriented Development (TOD) Overlay and the Millcreek City Center area provides a robust zoning framework that supports high-density, vertical growth. With massive frontage on a primary North-South artery and close proximity to the Meadowbrook TRAX station, this site is perfectly positioned to anchor the next phase of Millcreek’s urban evolution.
Property Facts
1 Lot Available
Lot
| Lot Size | 4.85 AC |
| Lot Size | 4.85 AC |
4.85 AC with a 60,768 SF office building.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 16-31-351-039-0000 | Improvements Assessment | $617,800 |
| Land Assessment | $4,679,600 | Total Assessment | $5,297,400 |
Property Taxes
Parcel Number
16-31-351-039-0000
Land Assessment
$4,679,600
Improvements Assessment
$617,800
Total Assessment
$5,297,400
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3902 S State St - Redevelopment Opportunity
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