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- LoopNet Team
750 S 400 W
Salt Lake City, UT 84101
Granary District Development Opportunity · Land For Sale
·
6.99 AC
INVESTMENT HIGHLIGHTS
- Create a second Downtown for Salt Lake City with a hip, urban village environment
- Spirit of technology, education, collaboration, art & design, and restaurants & breweries
- Demand for both affordable and market-rate housing units
- Transit-oriented lifestyle with TRAX Light Rail Expansion
- Reuse of older warehouse buildings combined with new development to create a thriving creative office space employment hub
- High walkability between living, working and entertainment amenities
PROPERTY FACTS
DESCRIPTION
This offering provides the ability to acquire one of the largest remaining Development Opportunities in Salt Lake City’s Granary District, consisting of 6.99 acres and zoned for high-density mixed-use. The properties offer an irreplaceable location and are situated centrally among the areas three primary growth drivers, which consist of creative office, mixed-use and multifamily projects. The properties offer outstanding exposure with frontage along four of the District’s primary development corridors. Additionally, the properties currently feature both office and industrial buildings. The current Owner/Occupier, Trillium, desires to lease back the properties for 18 months, thereby allowing the new Owner to realize income during the development process.
PROPERTY TAXES
| Parcel Number | 15-12-129-011-0000 | Improvements Assessment | $3,430,000 |
| Land Assessment | $5,185,000 | Total Assessment | $8,615,000 |
PROPERTY TAXES
