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1150 1220 Tooele, UT 84074

For Sale
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Prime 93.7-acre industrial site in Utah

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional 93.7-acre property, situated within the burgeoning Tooele Rail Industrial Park in Tooele, Utah, presents a unique investment opportunity. Comprising four parcels (APN: 02-010-0-0050, 02-018-0-0008, 02-018-0-0003, 02-018-0006), this mixed-use land offers significant development potential. The eastern portion, zoned for commercial and office uses, allows for buildings up to 35 feet in height, while the western section, adjacent to the Union Pacific rail line, permits heavy industrial construction up to 70 feet. This strategic location provides direct access to Interstate 80 via State Route 36, ensuring seamless connectivity to Salt Lake City. The property benefits from its position within the thriving Tooele County industrial submarket, experiencing robust growth fueled by the expanding Salt Lake City economy. This includes the influx of tech companies, suburban expansion, and major employers. The property represents nearly 30% of the entire 324-acre Tooele Rail Industrial Park project, rezoned in June 2023 to the Tooele City Business Park (TCBP) district. A compelling co-development opportunity exists with the City of Tooele. The property's location within the Tooele County industrial zone offers affordable rents, estimated at $5.70 per square foot—a 49% discount compared to the overall market. The Salt Lake City metro area's projected population increase of over 106,000 people by 2027, coupled with a high median income and educated workforce, further enhances the long-term growth potential of this exceptional investment.

Property Features for 1150 1220

General Information

Property type
Mixed-use properties
Lot Size
4,081,572 SF

HighLights

  • 93.7‑acre mixed‑use land parcel in Tooele Rail Industrial Park, Tooele, Utah, comprised of four parcels (APN: 02‑010‑0‑0050, 02‑018‑0‑0008, 02‑018‑0‑0003, 02‑018‑0006).
  • The property constitutes nearly 30% of the 324‑acre Tooele Rail Industrial Park, rezoned in June 2023 as the Tooele City Business Park (TCBP) district.
  • Co‑development opportunity with the City of Tooele.
  • Located in the Tooele County industrial zone, offering affordable rents of $5.70 per square foot—a 49% discount compared to the market average.
  • Strong growth potential driven by Salt Lake City's expanding economy, including significant population growth and a highly skilled workforce.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Building Supply Wholesale Shop Accounting Firm Grocery Store Daycare Center Bakery Pet Grooming Service Parking Facility

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

Location Insight

  • Map
  • Local Demand
City
Tooele
County
Tooele
State
Utah
Longitude
-112.3254182619
Latitude
40.507944943556

FAQs

What type of property is this?
Mixed-use property - Prime 93.7-acre industrial site in Utah
Where is this mixed-use property located?
The property is located at 1150 1220 Tooele, UT.
What are key features of this property?
This property features: 93.7-acre mixed-use land parcel in Tooele Rail Industrial Park, Tooele, Utah, comprised of four parcels (APN: 02-010-0-0050, 02-018-0-0008, 02-018-0-0003, 02-018-0006).; The property constitutes nearly 30% of the 324-acre Tooele Rail Industrial Park, rezoned in June 2023 as the Tooele City Business Park (TCBP) district.; Co-development opportunity with the City of Tooele.
More about this property
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