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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.
- 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
1 Lot Available
Lot 1
| Price | $1,566,125 | Lot Size | 1.43 AC |
| Price Per AC | $1,095,192.31 |
| 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.
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New Salem - Lot 1
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