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    1950 Loafer Mtn Salem, UT 84653

    For Sale
    $1,503,300

    I-15 Corridor Development Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 2.3-acre lot presents a unique investment opportunity within a rapidly developing commercial area along the I-15 corridor in Salem, Utah. Situated at one of the last undeveloped exits, this property is part of a larger 17-acre commercial retail project at the first full-light intersection east of the freeway. The site benefits from excellent visibility and accessibility, enhanced by the recently opened Loafer Mountain Parkway, a major artery connecting this location to Salem City, Woodland Hills, Payson, and Elk Ridge. This specific lot, designated as Lot 10, is ideally suited for hotel development, capitalizing on the high growth potential of this strategic location. The property's position within a planned commercial development ensures a synergistic environment, attracting significant foot traffic and enhancing the overall value proposition. This is a rare chance to secure a prime location in a thriving area experiencing substantial population growth and economic expansion. Further details on available pads within this exciting project can be found at www.NewSalemUT.com. The asking price for this exceptional hotel pad site is $1,503,300. Don't miss this chance to be part of a dynamic and rapidly expanding commercial hub in Utah County.

    Property Features for 1950 Loafer Mtn

    General Information

    Property type
    Other commercial real estate
    Lot Size
    100,188 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.687
    Latitude
    40.06178

    Nearby Comparable

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    • Contact for pricing

      Land Available for Commercial Zoning

      Land with commercial zoning potential, utilities readily accessible.
      UT-198 E 1100 N, Salem, UT 84653
      View Details

    Nearby Similar for Sale

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      Prime Salem Retail Lot - I-15 Access

      High-visibility retail lot near I-15.
      1940 Loafer Mtn Unit, Salem, UT 84653
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    • $1,588,000
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      Salem Commercial Property w/ Residence

      Live & Work: Updated Home & Shop on .52 Acres
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    FAQs

    What type of property is this?
    Commercial real estate - I-15 Corridor Development Opportunity
    Where is this commercial real estate located?
    The property is located at 1950 Loafer Mtn Salem, UT.
    What is the asking price?
    The asking price for this property is $1,503,300.
    (801) 850-5700
    Request Owner's contact information
    1950 Loafer Mtn 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
    1950 Loafer Mtn Salem, UT 84653
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