For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1940 Loafer Mtn Unit Salem, UT 84653

For Sale
$964,160

High-visibility retail lot near I-15.

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional 1.1-acre commercial lot in Salem, UT, presents a unique investment opportunity. Ideally situated just a short distance from the Benjamin/Salem I-15 freeway on/off ramp, this buildable lot boasts unparalleled accessibility and visibility. Its prime location directly precedes a planned major grocery store anchor, ensuring high traffic volume. The lot features convenient frontage on the main road with a right-hand turn lane, further enhancing its appeal to businesses seeking optimal customer access. Priced competitively at $20 per square foot, this property offers significant value in a rapidly expanding area. Significant lot improvements are underway, adding to its attractiveness. This is one of the last undeveloped exits along the I-15 corridor, positioned at the first full-light intersection east of the freeway. The recently opened Loafer Mountain Parkway provides direct access to Salem City, Woodland Hills, Payson, and Elk Ridge, solidifying this location as a burgeoning commercial center in South Utah County. The property is perfectly suited for a drive-thru business, capitalizing on its high-traffic potential. This is part of a larger 17-acre commercial retail project, representing a first-mover advantage in a high-growth area. The site's strategic location and ongoing development make it an exceptional investment opportunity for businesses seeking a prominent presence in a thriving community. Further details and site visits can be arranged.

Property Features for 1940 Loafer Mtn Unit

General Information

Property type
Retail properties
Lot Size
47,916 SF

Property Profile Location Intelligence

Current Use by Public Records

Retail properties

Map

City
Salem
County
Utah
State
Utah
Longitude
-111.687
Latitude
40.06178

FAQs

What type of property is this?
Retail property - High-visibility retail lot near I-15.
Where is this retail property located?
The property is located at 1940 Loafer Mtn Unit Salem, UT.
What is the asking price?
The asking price for this property is $964,160.
More about this property
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