Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    280 Apollo Rd Salt Lake City, UT 84116

    For Sale
    $3,200,000

    Prime 1.92-acre lot, hotel project approved.

    Property size:
    83,635 SF

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    325
    This exceptional 1.92-acre parcel presents a lucrative investment opportunity in Salt Lake City, Utah, ideally situated near Salt Lake City International Airport. Zoned for commercial development, this property boasts pre-approved plans for a Best Western Premier hotel, significantly reducing development hurdles and accelerating the path to profitability. The land is located at 280 Apollo Rd, Salt Lake City, UT 84116. The sale price is $3,200,000. A substantial key money incentive of $500,000 is available from Best Western upon hotel opening, adding significant value to this already compelling investment. This represents a rare chance to capitalize on the high demand for hospitality properties in a prime airport location. The approved hotel project offers a clear vision for development, minimizing risk and maximizing return on investment. The property's proximity to the airport ensures high occupancy rates and strong revenue potential. This is an exceptional opportunity for developers seeking a high-return, low-risk investment in a thriving market. Don't miss this chance to acquire this prime development land near Salt Lake City International Airport.

    Property Features for 280 Apollo Rd

    General Information

    Property type
    Other hospitality properties
    Square Feet
    83,635 SF
    Price / Square Foot
    $38
    Elevators
    N/A
    Lot Size
    83,635 SF

    HighLights

    • 1.92 acres of prime land near Salt Lake City International Airport.
    • $3,200,000 asking price for this exceptional development opportunity.
    • Approved Best Western Premier project includes a $500,000 key money incentive.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hospitality properties

    Suggested Use

    Spa & Massage Auto Repair Shop Hair Salon Law Firm Nail Salon Pharmacy Gym & Fitness Food Market Bar & Pub Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    State
    Utah
    Longitude
    -112.025765
    Latitude
    40.774253

    Nearby Similar for Sale

    • $3,400,000
      0.72 Acres

      Salt Lake City Office Building

      14,614 sq. ft. office building in evolving Ballpark neighborhood.
      1380 S Main St, Salt Lake City, UT 84115
      View Details
    • $1,375,000
      3,110 SF

      Victorian Triplex with Rental Potential

      Unique Victorian home/triplex with nightly rental potential in Salt Lake City.
      936 E 1700 S, Salt Lake City, UT 84105
      View Details
    • New
      $749,900
      2,730 SF

      Charming Duplex in Sugarhouse Location

      Inviting duplex with bonus unit in desirable Sugarhouse location.
      1888 S 800 E, Salt Lake City, UT 84105
      View Details
    • $1,200,000
      2,422 SF

      Remodeled 4-Plex in Salt Lake

      Downtown Salt Lake City 4-plex near amenities and transportation.
      563 S Denver St, Salt Lake City, UT 84111
      View Details
    • $950,000
      3,423 SF

      Updated Holladay Fourplex Investment Opportunity

      Fully occupied fourplex in prime location with updated units.
      1309 E Hidden Creek Ct S, Salt Lake City, UT 84117
      View Details
    • $1,250,000
      3,700 SF

      Updated 5-Plex Near 9th

      Rare 5-unit multifamily property near the 9th and 9th area.
      1099 S 900 E, Salt Lake City, UT 84105
      View Details

    FAQs

    What type of property is this?
    Hospitality property - Prime 1.92-acre lot, hotel project approved.
    Where is this hospitality property located?
    The property is located at 280 Apollo Rd Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 1.92 acres of prime land near Salt Lake City International Airport.; $3,200,000 asking price for this exceptional development opportunity.; Approved Best Western Premier project includes a $500,000 key money incentive.
    (435) 820-6801
    Request Owner's contact information
    280 Apollo Rd Salt Lake City, UT 84116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    280 Apollo Rd
    Salt Lake City, UT 84116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    280 Apollo Rd Salt Lake City, UT 84116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.