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    2538 Redwood Rd Lehi, UT 84048

    For Sale
    $4,350,000

    3.22 Acres, Prime Lehi Location, High Growth

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.22-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding city of Lehi, Utah. Strategically located at the crossroads of 2100 North and Redwood Road in Saratoga Springs, this property boasts unparalleled visibility and accessibility. The land is zoned Regional Commercial (General Plan), offering a wide range of development possibilities for businesses seeking a prominent presence in this thriving area. With a total asking price of $4,350,000, the land value calculates to $31.01 per square foot. The property's APN is 36:431:0020. Its prime location within Utah County ensures easy access to major transportation routes, attracting a large pool of potential customers and employees. Given the significant growth trajectory of Lehi and its surrounding areas, this property represents a compelling investment for developers and businesses seeking to capitalize on the region's economic expansion. The property's size and zoning provide ample flexibility for a variety of commercial developments, making it an ideal choice for those seeking a high-impact investment in a dynamic market. Don't miss this chance to secure a piece of Lehi's vibrant commercial landscape.

    Property Features for 2538 Redwood Rd

    General Information

    Property type
    Land
    Lot Size
    140,263 SF

    HighLights

    • 3.22‑acre commercial land parcel in Lehi, Utah.
    • High‑visibility location at the intersection of 2100 North and Redwood Road in Saratoga Springs.
    • Situated in a rapidly growing area.
    • Zoned Regional Commercial (General Plan), allowing for diverse development options.
    • Offered at $4,350,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    City
    Lehi
    County
    Utah
    State
    Utah

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    FAQs

    What type of property is this?
    Land - 3.22 Acres, Prime Lehi Location, High Growth
    Where is this land located?
    The property is located at 2538 Redwood Rd Lehi, UT.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: 3.22-acre commercial land parcel in Lehi, Utah.; High-visibility location at the intersection of 2100 North and Redwood Road in Saratoga Springs.; Situated in a rapidly growing area.
    (801) 901-0303
    Request Owner's contact information
    2538 Redwood Rd Lehi, UT 84048
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    Lehi, UT 84048
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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
    2538 Redwood Rd Lehi, UT 84048
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