127 Albermarle Avenue, Salt Lake City, UT 84115

This offering is a flat, currently vacant development land lot previously cleared for building, giving the next owner a clean site to design and permit their own project. The seller’s prior concept contemplates a four-story, 96-unit micro apartment building with slab-on-grade construction using wood framing, and an architect prepared site plan, elevations, and unit configuration for that approach. The previous buyer also secured Fire Marshall approval, which is noted as the largest hurdle for the project. The property is being offered as-is, with the opportunity to move forward from the existing planning and approvals history.

The site is located in the Ballpark District, directly adjacent to Smith’s Ballpark. The City recently rezoned the area to MU-8, supporting buildings up to eight stories, with additional height potentially available if certain incentives are met. The remarks also describe active development nearby, including recently completed and currently building mixed-use and multi-family projects in the immediate area.

For developers and investors seeking a mixed-use, higher-density infill option with a clear starting point from prior architectural work and Fire Marshall approval, this lot provides the key foundation to pursue a micro apartment or similar multi-family plan. The seller is also open to terms such as short-term seller financing or a joint venture with the right development team, subject to execution of mutually agreeable documentation.