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Informations principales sur l'investissement
- Strong Zoning Paired with Near-Term Income
- Central Proximity to Live Event Venues
- Resilient Rental Market and Positive Demographic Tailwinds
Résumé analytique
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.
Informations sur l’immeuble
| Prix | 9 262 909 € | Nb de biens | 2 |
| Prix/m² | 7 058 € / m² | Individuellement en vente | 0 |
| Type de vente | Investissement | Surface totale de l’immeuble | 1 312 m² |
| Statut | Actif | Surface totale du terrain | 0,59 ha |
| Prix | 9 262 909 € |
| Prix/m² | 7 058 € / m² |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 1 312 m² |
| Surface totale du terrain | 0,59 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 280 W 500 S, Salt Lake City, UT 84101 | Local commercial | 792 m² | 1951 | - |
| 250 W 500 S, Salt Lake City, UT 84101 | Local commercial | 520 m² | 1979 | - |
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500 South Development Site
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