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    Salem, UT 84653

    For Sale
    $1,566,125

    LAND - Salem, UT

    Lot size:
    1.43 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    1.43 Acres

    Utilities

    Utilities
    Natural Gas Available

    KW Utah Realtors Keller Williams (801) 858-0000 [email protected]

    Listing agent Boyd B Brown (801) 858-0000

    Listing date Aug 8, 2025

    MLS# 2101305 Listing URL

    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

    Commercial Land Near I-15 Exit

    This commercial land is located right off the I-15 Benjamin Exit into Salem, Utah. The site has frontage on SR-164, Loafer Mountain Parkway, and 17th North, which is currently under construction. A traffic report estimates 29,500 trips per day will be produced from the New Salem Masterplan. This location is suitable for commercial or retail use, situated at the entrance of Salem, Woodland Hills, and Elk Ridge. Just south of New Salem will be the brand new Arrowhead Park, which will host 5 baseball and softball diamonds and soccer fields for large sporting events. New Salem is a large mixed-use masterplan with over 1,900 residential units planned. The zoning allows for the C1, C2, and C3 commercial zoning to be utilized in the commercial and retail center. All pads, with the exception of those sold, can be sized and subdivided to fit. The seller will deliver super pads to the buyer with perimeter roads installed and utilities stubbed to the lot. The buyer will be responsible for all onsite development. The lot size is 1.43 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.554
    Latitude
    39.9788

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic near I-15 in Salem, UT.
    Where is this commercial land located?
    The property is located at Salem, UT.
    What is the asking price?
    The asking price for this property is $1,566,125.
    What are key features of this property?
    This property features: - High Traffic Location: Frontage on SR-164 and Loafer Mountain Parkway, with 29,500 estimated trips per day.; - Strategic Location: Entrance to Salem, Woodland Hills, and Elk Ridge, near the I-15 Benjamin Exit.; - Part of the New Salem master plan with 1,900+ residential units planned.
    (801) 858-0000
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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.

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    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
    Salem, UT 84653
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