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554-560 S 300 E
Salt Lake City, UT 84111
Land For Sale
·
1.94 AC
Investment Highlights
- Premier corner lot located in a limited supply location.
- Desirable R-MU Zoning allows for multifamily uses up to 75’ in height and up to 125’ in height when processed through Design Review with the City.
- Unparallel freeway access to I-15 and I-80 via Salt Lake City’s primary entrance and exit interchanges located on 500 S and 600 S just 1 mile W.
- Situated on the highly-trafficked 600 South primary corridor, which services 21,278 cars per day.
- Convenient access to public transportation with the UTA TRAX Library Station located 2 blocks north on 400 South.
- Properties include two structured parking garages totaling 180 stalls.
Property Facts
| Property Type | Land | Total Lot Size | 1.94 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Multifamily | ||
| Zoning | R-MU | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.94 AC |
| No. Stories | 2 |
| Zoning | R-MU |
Description
This site is a rare commodity as the availability of developable land has become increasingly scarce. Downtown Salt Lake City’s expansion continues to accelerate, pushing the boundaries with numerous high-rise residential, office, and hotel developments under construction. Note: Actual current zoning is RO (Residential Office). The zone change has been submitted to the City Council for final approval to R-MU which will be finalized no later than 9/2021.
Property Taxes
| Parcel Number | 16-06-378-008-0000 | Improvements Assessment | $488,500 |
| Land Assessment | $1,731,400 | Total Assessment | $2,219,900 |
Property Taxes
Parcel Number
16-06-378-008-0000
Land Assessment
$1,731,400
Improvements Assessment
$488,500
Total Assessment
$2,219,900
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