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Lattice Apartments & North Tower 640 S West Temple 388 Unit Apartment Building For Sale Salt Lake City, UT 84101
Investment Highlights
- Lattice Apartments: 184 micro-units, fully renovated in 2023 with high-end finishes, smart home features, and private Juliette balconies
- Zoning & Site: 4.92-acre site zoned D-1 and D-2, offering flexibility for mixed-use development
- Transit-Oriented: Located on 600 South with direct access to I-15 and a 6-minute walk to the TRAX light rail station
- North Tower: Vacant 9-story, 204-key former hotel with flexible redevelopment potential
- Amenities: Co-working space, sky lounge with panoramic views, state-of-the-art fitness center, and bike storage
- Opportunity Zone: Positioned within a designated Opportunity Zone, offering potential tax advantages for investors
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the Lattice Apartments and North Tower (the “Property”), located in Downtown Salt Lake City, Utah. The Property is comprised of the following:
• Lattice Apartments: Fully renovated, 184-micro-unit apartment project
• North Tower: Vacant 9-story, 204-key former hotel building
• Excess Development Land: Approximately 1.8 acres of excess development land
This is the premier opportunity for investors with a long-term investment horizon and conviction in the Salt Lake market.
• Lattice Apartments: Fully renovated, 184-micro-unit apartment project
• North Tower: Vacant 9-story, 204-key former hotel building
• Excess Development Land: Approximately 1.8 acres of excess development land
This is the premier opportunity for investors with a long-term investment horizon and conviction in the Salt Lake market.
Property Facts
| Sale Type | Investment | Lot Size | 4.92 AC |
| No. Units | 388 | Building Size | 240,000 SF |
| Property Type | Multifamily | No. Stories | 13 |
| Property Subtype | Apartment | Year Built | 2023 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | D-1 & D-2 - D-1 (Central Business District) D-2 (Downtown Support District) | ||
| Sale Type | Investment |
| No. Units | 388 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 4.92 AC |
| Building Size | 240,000 SF |
| No. Stories | 13 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
| Zoning | D-1 & D-2 - D-1 (Central Business District) D-2 (Downtown Support District) |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-01-478-018-0000 | Improvements Assessment | $24,526,590 |
| Land Assessment | $29,074,290 | Total Assessment | $53,600,880 |
Property Taxes
Parcel Number
15-01-478-018-0000
Land Assessment
$29,074,290
Improvements Assessment
$24,526,590
Total Assessment
$53,600,880
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