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500 South Development Site 2 biens • Commerce de détail • À vendre 14 985 202 $ CAD • Salt Lake City, UT
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Strong Zoning Paired with Near-Term Income
- Central Proximity to Live Event Venues
- Resilient Rental Market and Positive Demographic Tailwinds
RÉSUMÉ DE L'ANNONCE
Cushman & Wakefield, as exclusive advisor is pleased to present the opportunity to acquire the 500 South Development Site (the “Site”), a premier D-2 zoned, 1.55-acre OZ development site located in the heart of Salt Lake City, Utah.
The Site is encumbered by two single-tenant retail properties currently leased to Safelite and a local restaurant operator, through December 2029 and October 2029, respectively providing near-term income as development plans commence.
This offering represents a rare chance to secure highly coveted, developable land in the heart of the Mountain West’s fastest-growing metro. With minimal new multifamily supply expected over the next three years and renter demand holding strong, Salt Lake City’s multifamily market is approaching a pivotal moment. This creates a rare window for developers to deliver high-quality product and meet growing demand.
The Site is encumbered by two single-tenant retail properties currently leased to Safelite and a local restaurant operator, through December 2029 and October 2029, respectively providing near-term income as development plans commence.
This offering represents a rare chance to secure highly coveted, developable land in the heart of the Mountain West’s fastest-growing metro. With minimal new multifamily supply expected over the next three years and renter demand holding strong, Salt Lake City’s multifamily market is approaching a pivotal moment. This creates a rare window for developers to deliver high-quality product and meet growing demand.
FAITS SUR LA PROPRIÉTÉ
| Prix | 14 985 202 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 1 061 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 14 127 pi² |
| Statut | Actif | Superficie totale du terrain | 1,46 AC |
| Prix | 14 985 202 $ CAD |
| Prix/pi² | 1 061 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 14 127 pi² |
| Superficie totale du terrain | 1,46 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 280 W 500 S, Salt Lake City, UT 84101 | Commerce de détail | 8 527 pi² | 1951 | - |
| 250 W 500 S, Salt Lake City, UT 84101 | Commerce de détail | 5 600 pi² | 1979 | - |
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500 South Development Site
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