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500-435 South Fayette Avenue - Granary Flats Multifamily Land 1.81 Acres of Commercial Land Offered at $10,400,000 in Salt Lake City, UT 84101
INVESTMENT HIGHLIGHTS
- Available For Sale or Joint Venture
- Seller's Proposed Concept: 330 Apt Units (83 Studio Units, 165 One-Bedroom Units, 82 Two Bedroom Units)
- Zoning: CG (General Commercial)
- Sale Price: $10,400,000
- Total Acreage: 1.81 Acres
- Walk Score: 55-Walk Score | 57-Transit Score | 80-Bike Score
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $10,400,000 | Lot Size | 1.81 AC |
| Price Per AC | $5,745,856.35 |
| Price | $10,400,000 |
| Price Per AC | $5,745,856.35 |
| Lot Size | 1.81 AC |
Granary Flats is a high-density urban multifamily development site in Salt Lake City’s Granary District, available for sale or joint venture.
DESCRIPTION
Granary Flats is a high-density urban multifamily development site available for sale or joint venture in Salt Lake City’s Granary District, a vibrant mixed-use corridor complete with breweries, eateries, creative businesses, and mixed-use developments. Its CG (General Commercial) zoning supports multifunctional residential use: residential components alongside retail, office, entertainment, and—by right up to 75 ft, with design review enabling up to 105 ft if in accordance with specific provisions. Salt Lake City’s Granary District Area Plan charts a 2–10 year timeline of multimodal infrastructure improvements: safer intersections, buffer bike lanes, mid-block walkways, upgraded sidewalks, and increased TRAX transit access—including nearby 900 South station and proposed new stops within the district—crafting an urban environment tailored for high-density living. Real estate trends and city strategies emphasize dense infill near transit to reduce car dependency, enhance air quality, and support population growth and housing supply. The site is positioned to benefit from largescale redevelopment like the new Fleet Block— underscoring its role in the district’s urban evolution Backed by Utah’s pro growth economic climate—ranked repeatedly among the top five states for business by Forbes since 2010, with low costs, strong workforce availability, & 2034 winter olympics —this site represents an impactful canvas for a dense, transit-oriented multi-family project in the heart of downtown Salt Lake City.
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500-435 South Fayette Avenue - Granary Flats Multifamily Land
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