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    466 Redwood Rd Saratoga Springs, UT 84045

    For Sale
    $5,204,548

    8.24 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8.24-acre commercial land parcel presents a unique investment opportunity in the thriving Saratoga Springs, Utah market. Located at 466 N Redwood Rd, 84045, this property boasts a strategic location within Utah County, offering excellent visibility and accessibility. The asking price is $5,204,548, translating to a land value of $14.50 per square foot. The expansive lot size provides ample space for a variety of commercial developments, catering to diverse business needs. Its proximity to key transportation routes and established infrastructure ensures convenient access for both employees and customers. Detailed site analysis reveals significant potential for high-return commercial ventures. The property's location within the Saratoga Springs submarket offers access to a growing population and robust local economy. This is an exceptional opportunity to acquire a substantial land holding in a rapidly developing area of Utah. The property is zoned for commercial use (further zoning verification is recommended). Serious inquiries are encouraged to explore the full potential of this prime commercial land. The total buildable square footage is not specified but the potential is significant given the lot size.

    Property Features for 466 Redwood Rd

    General Information

    Property type
    Land
    Lot Size
    358,934 SF

    HighLights

    • 358,934 square foot building
    • Saratoga Springs submarket
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Kitchen & Bath Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Utah
    State
    Utah
    Longitude
    -111.913738
    Latitude
    40.37068

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    FAQs

    What type of property is this?
    Land - 8.24 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 466 Redwood Rd Saratoga Springs, UT.
    What is the asking price?
    The asking price for this property is $5,204,548.
    What are key features of this property?
    This property features: 358,934 square foot building; Saratoga Springs submarket;
    (801) 380-2264
    Request Owner's contact information
    466 Redwood Rd Saratoga Springs, UT 84045
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    Saratoga Springs, UT 84045
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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
    466 Redwood Rd Saratoga Springs, UT 84045
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