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3902 S State St - Redevelopment Opportunity 4.85 Acres of Commercial Land Offered at $15,000,000 in Millcreek, UT 84107

Executive Summary
This 4.45-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
| Price | $15,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.85 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $15,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.85 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $15,000,000 | Lot Size | 4.85 AC |
| Price Per AC | $3,092,783.51 |
| Price | $15,000,000 |
| Price Per AC | $3,092,783.51 |
| Lot Size | 4.85 AC |
4.45 AC with a 60,768 SF office building.
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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
