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    700 East Pl South Salt Lake City, UT 84106

    For Sale
    $4,791,600

    4.40-acre mixed-use apartment development site in South Salt Lake.

    Property size:
    4 SF
    Lot size:
    4.40 Acres

    Property Features for 700 East Pl South

    General Information

    Size
    4 SF
    Lot size
    4.40 Acres

    Source: Jake Copinga Agent Jake Copinga

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Salt Lake Development Site

    This 4.40-acre mixed-use apartment development site is located in the emerging urban core of South Salt Lake, Utah. The site is centrally positioned within the Salt Lake Valley, offering proximity to major medical facilities and access to I-15 via the 3300 South and 4500 South interchanges. The property is suitable for moderate-density development, potentially accommodating approximately 100 units. Mixed-use zoning requires a minimum of 4,000 square feet of commercial or retail space on the ground floor. The location is near the Huntsman Cancer Institute facility and Medical Office, St. Mark’s Hospital, and Intermountain Medical Center. Access to public transportation is available via the TRAX Light Rail and FrontRunner high-speed commuter train. Significant retail amenities, including Brickyard Plaza with a Harmons Grocery, are also nearby. The area is known for its brewery and distillery culture, with "Brewery Row" located an 8-minute drive from the site. Surrounding Class-A apartments are achieving monthly rental rates of approximately $1,357.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.864237
    Latitude
    40.759925

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    FAQs

    What type of property is this?
    Land - 4.40-acre mixed-use apartment development site in South Salt Lake.
    Where is this land located?
    The property is located at 700 East Pl South Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $4,791,600.
    What are key features of this property?
    This property features: - Prime mixed-use apartment development site in South Salt Lake's emerging urban core.; - 4.40-acre site with proximity to major state-of-the-art medical facilities.; - Located between two major I-15 Freeway interchanges (3300 South and 4500 South).
    (801) 706-9754
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    700 East Pl South Salt Lake City, UT 84106
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    Salt Lake City, UT 84106
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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
    700 East Pl South Salt Lake City, UT 84106
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