Share This Listing

Message

922 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

SR - 164 & Loafer Mountain Parkway - New Salem - Lot 6-7 7.64 Acres of Commercial Land Offered at $7,429,125 CAD in Spanish Fork, UT 84660

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Large Arterial Parkway Frontage - estimated 29,500 trips/day
  • 29,500 estimated trips per day from the New Salem Masterplan
  • 1900+ Unit Residential Development neighboring the lot

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. - 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.
- $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.

PROPERTY FACTS

Price $7,429,125 CAD
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
  • Department Store
  • Drugstore
  • Fast Food
  • Garden Centre
  • Health Club
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 7.64 AC
Zoning C1, C2, and C3 - Commercial Zoning

1 LOT AVAILABLE

Lot 6 and 7

Price $7,429,125 CAD
Price Per AC $972,398.53 CAD
Lot Size 7.64 AC

Lot 6 and 7 - Combined 7.64 acres combined. On the corner of Loafer Mountain Parkway and SR-164. Will front future 1820 North. Lot 6 - 1.84 acres Lot 7 - 5.8 acres

DESCRIPTION

Fronts Loafer Mountain Parkway.

  • Listing ID: 36873357

  • Date on Market: 2025-07-22

  • Last Updated:

  • Address: SR - 164 & Loafer Mountain Parkway, Spanish Fork, UT 84660

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}