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Loafer Mountain Parkway - Lot 9 2.96 Acres of Commercial Land Offered at $2,578,740 in Spanish Fork, UT 84660
Investment Highlights
- BUILDING PERMIT READY
- 1900+ Unit Residential Development neighboring the lot
- Large Arterial Parkway Frontage - estimated 29,500 trips/day
Executive Summary
Right off the I-15 Benjamin Exit into Salem! This site has frontage on Loafer Mountain Parkway and 17th North which is currently under construction. Traffic Report estimates 29,500 trips per day will be produced from the New Salem Masterplan. A great location for commercial/retail right at the entrance of Salem, Woodland Hills, and Elk Ridge. Just south of New Salem will be the brand new Arrowhead Park, which will host 5 Baseball/Softball diamonds and soccer fields for large sporting events. New Salem, the newest master planned community in Salem, UT, is strategically positioned on the corner of 8000 South (SR-164) and the newly completed Loafer Mountain Parkway. New Salem is a large mixed use masterplan with 1,900+ residential units planned. - All pads, with exception to those sold, can be sized/subdivided to fit.
- Buyer will be responsible for all onsite development.
- New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center.
- All pads, with exception to those sold, can be sized/subdivided to fit.
- $16/sf
- Seller to deliver super pads to Buyer with perimeter roads installed and utilities stubbed to the lot.
- Buyer will be responsible for all onsite development.
- Zoning - New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center.
- Pads are building permit ready!
- Buyer will be responsible for all onsite development.
- New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center.
- All pads, with exception to those sold, can be sized/subdivided to fit.
- $16/sf
- Seller to deliver super pads to Buyer with perimeter roads installed and utilities stubbed to the lot.
- Buyer will be responsible for all onsite development.
- Zoning - New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center.
- Pads are building permit ready!
Property Facts
| Price | $2,578,740 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.96 AC |
| Price | $2,578,740 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.96 AC |
1 Lot Available
Lot 9
| Price | $2,578,740 | Lot Size | 2.96 AC |
| Price Per AC | $871,195.95 |
| Price | $2,578,740 |
| Price Per AC | $871,195.95 |
| Lot Size | 2.96 AC |
Lot 9 - 2.96 acres. On the corner of Loafer Mountain Parkway and SR-164. Will front future 1820 North.
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Loafer Mountain Parkway - Lot 9
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