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New Salem - Lot 1 1.43 Acres of Commercial Land Offered at $1,566,125 in Spanish Fork, UT 84660

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INVESTMENT HIGHLIGHTS

  • Fronts the busy SR-164
  • 29,500 estimated trips per day
  • 1900+ Unit residential development neighboring the lot
  • Drive-thru

EXECUTIVE SUMMARY

Right off the I-15 Benjamin Exit into Salem! This site has frontage on SR-164, 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.
- 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.

PROPERTY FACTS

Price $1,566,125
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Drugstore
  • Fast Food
  • Garden Center
  • General Freestanding
  • Healthcare
  • Hold For Investment
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 1.43 AC
Zoning C1, C2, C3 - C1, C2, and C3 Commercial zoning code. Allows for a drive through.

1 LOT AVAILABLE

Lot 1

Price $1,566,125
Price Per AC $1,095,192.31
Lot Size 1.43 AC

Lot 1 - 1.43 acre lot on the corner of SR-164 and Loafer Mountain Parkway.

DESCRIPTION

Fronts SR-164.

  • Listing ID: 36882438

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: Spanish Fork, UT 84660

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