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679 500 w - Granary District Development Site 1.37 Acres of Commercial Land Offered at $7,500,000 in Salt Lake City, UT 84101
Investment Highlights
- Infill Multifamily During a Supply Reset
- High-Density MU-11 Zoning + Opportunity Zone Upside
- Core Granary District, Transit-Oriented Location
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 679 South 500 West (the “Site”), a premier 1.37-acre development parcel zoned MU-11, located in the vibrant Granary District of Salt Lake City, Utah.
This offering represents a rare chance to secure highly coveted, developable land in the heart of the Mountain West’s fastest-growing metro. With minimal new multifamily supply expected over the next three years and renter demand holding strong, Salt Lake City’s multifamily market is approaching a pivotal moment. This creates a rare window for developers to deliver high-quality product and meet growing demand.
This offering represents a rare chance to secure highly coveted, developable land in the heart of the Mountain West’s fastest-growing metro. With minimal new multifamily supply expected over the next three years and renter demand holding strong, Salt Lake City’s multifamily market is approaching a pivotal moment. This creates a rare window for developers to deliver high-quality product and meet growing demand.
Property Facts
| Price | $7,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.37 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | MU-11 - MU-11 + Opportunity Zone | ||
| Price | $7,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.37 AC |
| Opportunity Zone |
Yes |
| Zoning | MU-11 - MU-11 + Opportunity Zone |
1 Lot Available
Lot
| Price | $7,500,000 | Lot Size | 1.37 AC |
| Price Per AC | $5,474,452.55 |
| Price | $7,500,000 |
| Price Per AC | $5,474,452.55 |
| Lot Size | 1.37 AC |
1 1
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $5,660,600 | Total Assessment | $5,660,600 |
Property Taxes
Parcel Numbers
Land Assessment
$5,660,600
Improvements Assessment
$0
Total Assessment
$5,660,600
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679 500 w - Granary District Development Site
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