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435 W Fayette Ave
Salt Lake City, UT 84101
Granary Multifamily Development Land · Terrain À vendre
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0,71 AC
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Faits saillants de l'investissement
- Prime Granary District location
- Income-generating while you build
- Shovel-ready, entitled site
Résumé de l'annonce
Rare 0.71-acre development-ready site in the heart of Salt Lake City's rapidly evolving Granary District, priced at $3.2M. Zoned MU11 and entitled for a 100-unit, 6-story multifamily project (70 studios / 30 one-bedrooms), the site offers immediate development upside with existing NOI of $102K to carry the asset during entitlement or pre-development.
Positioned steps from Downtown SLC, the Fleet Block, and the I-15/West Temple interchange, the location provides exceptional freeway visibility and urban connectivity. The surrounding neighborhood is experiencing significant multifamily momentum, with the adjacent West Village delivering 186 units nearby.
A compelling opportunity for developers seeking a shovel-ready urban infill play in one of Salt Lake's most active growth corridors.
Positioned steps from Downtown SLC, the Fleet Block, and the I-15/West Temple interchange, the location provides exceptional freeway visibility and urban connectivity. The surrounding neighborhood is experiencing significant multifamily momentum, with the adjacent West Village delivering 186 units nearby.
A compelling opportunity for developers seeking a shovel-ready urban infill play in one of Salt Lake's most active growth corridors.
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 4 366 112 $ CAD | Taille du lot | 0,71 AC |
| Prix par AC | 6 149 453,71 $ CAD |
| Prix | 4 366 112 $ CAD |
| Prix par AC | 6 149 453,71 $ CAD |
| Taille du lot | 0,71 AC |
A 0.71-acre urban infill lot currently improved with a 4,800 SF building, operating on a 5-year lease with termination rights. The rectangular site sits at the corner of Fayette Ave with direct freeway adjacency to I-15, offering strong visibility.
Description
A 0.71-acre urban infill lot currently improved with a 4,800 SF building, operating on a 5-year lease with termination rights. The rectangular site sits at the corner of Fayette Ave with direct freeway adjacency to I-15, offering strong visibility. Zoned MU11, the parcel supports a proposed 6-story, 100-unit multifamily development with 21 parking stalls. Parcel #15-154-000-37-0000.
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