941 W Euclid Ave, Salt Lake City

$500,000

0 Bed
0 Bath
.16 Acre
0 Garage

INCREDIBLE INVESTMENT OPPORTUNITY located just two blocks from the Power District, a picturesque, 100-acre planned development in the heart of Salt Lake City's westside anticipated to begin in late 2024, and shovel-ready site for a planned Major League Baseball ballpark. This property is located in an "Opportunity Zone" with Transit Station Area (TSA) high-density zoning. A similar parcel to the east on Euclid, once a residential listing, was redeveloped as high-density townhomes with each 1,100 sf unit selling for $450,000 or more in 2022. Another high-density 5-plex is planned on a similar parcel to the north on Euclid that is in the permitting process. The adjacent land parcel to the west on Euclid, having already been scraped, is also in the permitting process for 40 units. A vacant, uninhabitable home is situated on the property, but the property is being sold for its land value. A bid has been obtained to scrape the lot and soil testing has already been done. A recent commercial appraisal values the property at much higher than the list price. Thelocation is ideally situated between the Salt Lake City International Airport and the intersection of three major interstates (I-80, I-15, I-215), and is close to UTA's light rail system, TRAX, which runs along the Power District and includes two stations. It is among the most accessible locations along the Wasatch Front, only 15 minutes to the University of Utah, and 40 minutes to Park City and Utah's world-class ski resorts. Don't miss this opportunity to invest in what will be highly sought-after real estate right next to the anticipated Power District! Property sold as-is with no warranties on the home or garage. No property tours at this time.

Essential Information
MLS® #1988772
Price$500,000
Bathrooms0.00
Acres0.16
TypeLand
Sub-TypeResidential
StatusActive
Community Information
Address941 W Euclid Ave
AreaSalt Lake City; Rose Park
SubdivisionARCHER-KULLAK SUB
CitySalt Lake City
CountySalt Lake
StateUT
Zip Code84104
Utilities

See Remarks,Sewer: Public,Gas: Stubbed,Power: Stubbed,Sewer: Stubbed

Exterior
Exterior FeaturesSee Remarks
Lot Description

See Remarks,Curb & Gutter,Sidewalks,Terrain: Flat

School Information
DistrictSalt Lake
ElementaryFranklin
MiddleNone/Other
HighNone/Other
Additional Information
Date ListedMarch 28th, 2024
Days on Market31
ZoningMulti-Family
Listing Details
AgentHeather M. Sneddon
Contact Details801-467-2100
Office

Summit Sotheby's International Realty

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