Salt Lake City Land for Sale

Salt Lake City Land for Sale

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Newest Salt Lake City Land for Sale

$4,500,000
2183121 MLS
Rare Salt Lake City urban infill development opportunity at 372 E 100 S. This 0.46 acre property is ideally located less than one mile from Downtown Salt Lake City and approximately 1.5 miles from the University of Utah, placing it in a highly strategic location for residential, student housing, hospitality, office, retail, or mixed-use development. The property is zoned MU-8 with an 85 foot height allowance and is located within the Urban Center parking context, providing the foundation for a significant high density urban project. The development potential is exceptionally flexible. A conceptual student housing program could provide approximately 400 beds in 200 double occupancy units, making the property particularly compelling given its proximity to the University of Utah. Alternatively, the site can be envisioned as an approximately 120 unit apartment development, a hotel or extended stay hospitality project, office or medical space, retail, or virtually any combination of these uses. Potential mixed use concepts could incorporate residential or student housing above ground floor retail, office, hospitality, or other commercial uses, allowing a developer to tailor the project to market demand and investment strategy. The property currently contains a stunning well maintained 13,300 square foot main building, including an apartment on the top level, plus a separate approximately 2,500 square foot building, both constructed in 1937, providing an additional opportunity for adaptive reuse. The existing structure could potentially be repositioned for office, medical, professional services, event space, hospitality, boutique commercial, or other specialty uses, offering an alternative to complete redevelopment. The property's location, MU-8 zoning, 85 foot height allowance, Urban Center parking context, and proximity to both the University of Utah and Downtown Salt Lake City create a compelling opportunity for developers, investors, and owner users. With multiple potential development programs ranging from approximately 400 bed student housing to 120 unit multifamily, hotel, office, retail, or a combination of uses, 372 E 100 S offers the flexibility to pursue a wide range of strategies in one of Salt Lake City's most desirable urban infill locations. DO NOT DISTURB - TENANT UNAWARE OF SALE. All showings and property inquiries must be coordinated through the listing representative. Buyer to independently verify all measurements, zoning, permitted uses, development standards, and other property information.

373 E 100 S, Salt Lake City

$1,450,000
2172912 MLS
An increasingly rare opportunity to acquire a fully entitled multifamily development site in one of Salt Lake City's fastest-transforming urban neighborhoods. 947 Euclid Avenue offers a shovel-ready development opportunity for a 40-unit apartment project with completed architectural plans, engineering, studies, and entitlement work included in the sale. The project was previously approved and is positioned for a developer to reactivate permits and move directly toward construction, dramatically reducing entitlement risk, carrying costs, and time to market. Located within an Opportunity Zone and just minutes from Downtown Salt Lake City, the site sits at the center of unprecedented public and private investment. The property benefits from immediate access to I-15, I-80, TRAX, downtown employment centers, and the rapidly emerging west-side redevelopment corridor. Adding to the long-term investment story, the site is positioned near the newly announced Power District redevelopment and the sports and entertainment district being spearheaded by Ryan Smith and Smith Entertainment Group. These transformative projects are expected to reshape the western edge of downtown Salt Lake City and further accelerate housing demand throughout the surrounding neighborhoods. The approved project consists of a modern six-story apartment building featuring 40 residential units with a thoughtfully designed mix of one- and two-bedroom floorplans. Contemporary architecture, efficient unit layouts, and urban connectivity create an attractive product for today's renter demographic. For developers seeking a project with substantially reduced entitlement risk, completed pre-development work, and immediate proximity to one of Utah's most significant redevelopment initiatives, 947 Euclid represents a compelling opportunity to deliver new multifamily housing in a supply-constrained market.

947 W Euclid Ave, Salt Lake City

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