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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

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Apartment Units
Total Lot Size 4.85 AC
Opportunity Zone Yes

1 Lot Available

Lot

Lot Size 4.85 AC

4.85 AC with a 60,768 SF office building.

Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
16-31-351-039-0000
Land Assessment
$4,679,600
Improvements Assessment
$617,800
Total Assessment
$5,297,400
  • Listing ID: 40059810

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 3902 S State St, Millcreek, UT 84107

Contact the Sale Advisor

3902 S State St - Redevelopment Opportunity

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