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    1940 N Loafer Mtn Pkwy Unit, Unit 1 Salem, UT 84653

    For Sale
    $964,160

    COMMERCIAL - Salem, UT

    Type:Retail
    Lot size:
    1.10 Acres
    Days on Market:
    57
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 1940 N Loafer Mtn Pkwy Unit

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    Lot size
    1.10 Acres

    Building Details

    Year built
    2025

    Keller Williams Westfield Real Estate [email protected]

    Listing agent Clay Winder (801) 850-5600

    Listing date Oct 10, 2025

    Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lot Opportunity

    This 1.1-acre commercial lot is located a few hundred yards from the Benjamin/Salem I-15 freeway on/off ramp. The buildable lot is suited for a drive-thru business, offering accessibility and visibility. It is located in front of a future major anchor grocery store and features frontage on the main road with a right-hand turn. Lot improvements are progressing toward the site. The property is part of a 17-acre commercial retail project situated at the first full-light intersection east of the freeway. The newly opened Loafer Mountain Parkway connects this exit to Salem City, Woodland Hills, Payson, and Elk Ridge. This area is poised to be a key commercial hub in South Utah County. The property is located at 1940 N LOAFER MOUNTAIN Pkwy unit: #1, Salem, UT 84653.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Map

    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.554
    Latitude
    39.9788

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    FAQs

    What type of property is this?
    Parking lot & garage - Ideal commercial lot near I-15, perfect for drive-thru business.
    Where is this parking lot & garage located?
    The property is located at 1940 N Loafer Mtn Pkwy Unit, Unit 1 Salem, UT.
    What is the asking price?
    The asking price for this property is $964,160.
    What are key features of this property?
    This property features: - Prime location: exceptional accessibility, just a few hundred yards from the I-15 freeway on/off ramp.; - High-traffic potential: located in front of a future major anchor grocery store with frontage on the main road.; - Buildable lot perfectly suited for a drive-thru business.
    (801) 850-5600
    Request Owner's contact information
    1940 N Loafer Mtn Pkwy Unit, Unit 1 Salem, UT 84653
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    Salem, UT 84653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1940 N Loafer Mtn Pkwy Unit, Unit 1 Salem, UT 84653
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