Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.14 acres
96 Unit Micro Apartment Development site in the HEART of the Ballpark District. Located right next to Smith's Ballpark. CIty recently rezoned to MU-8 which will allow for buildings up to 8 stories high. Additional stories may be allowed on top of that if certain incentives are met. Our current configuration is 4 story, 96 unit, wood framed building slab on grade. This is an awesome opportunity to jump in and be apart of the remaking of the Ballpark district. Previous buyer had an architect put together a site plan, elevations, and unit configuration. They also received Fire Marshall approval on this project which is the biggest hurdle to get over. They were selling a business which fell through and so they couldn't close which is why we are back on the market. There is movement on parcels all around this lot. Tradition Pointe Apartments just finished up. Right next to this parcel Abstract Development is building a beautiful Mixed Use Multi Family building. The lot across the street sold this month to a developer. Other big names like Colmena Group owns large portions of land in this area. The city has a robust plan to revitalize this area in the not so distant future. Central 9th went through this same process a few years back and now property values have skyrocketed in the area and it is a hustling and bustling place. Feel free to give me a call if you are interested in the property and I can give you the full scoop on the area, neighboring parcels, etc. to save you a lot of time and effort. Building on property was razed and so you have a flat empty lot to work with. Would possibly be open to short term seller finance or JV with the right developer. Owner Agent.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.14
-
Property Type
Land
Price
-
Sales Price
$900,000
-
Tax Amount
3294.0
-
Zoning
MU-8
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Salt Lake
-
Middle School
Clayton
-
High School
Highland
Property Features
-
Senior Community YN
NO
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Location
County
Salt Lake
Elementary School
Salt Lake
Middle School
Clayton
High School
Highland
Listing Courtesy of Austin Spencer , Equity Real Estate (Premier Elite)
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