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    51 Redwood Rd Saratoga Springs, UT 84045

    Sponsored
    For Sale
    $5,171,443

    7.42 Acres, Business Park Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.42-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Saratoga Springs, Utah market. Located at 51 N Redwood Rd, this property boasts a prime location with exceptional visibility from Redwood Road, situated conveniently between Redwood Road and West Lake High School. The land is zoned General Plan - Business Park, offering a wide range of development possibilities. With a land value of $16 per square foot, the asking price is $5,171,443. The property's APN is 51:231:0019. Direct access to Redwood Road via the Utah Department of Transportation (UDOT) provides convenient access for businesses and employees. This high-growth area offers significant potential for future appreciation, making this a compelling investment for developers and businesses seeking a strategic location in a thriving community. The expansive lot size provides ample space for a variety of commercial developments, capitalizing on the high visibility and convenient access. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location with excellent growth prospects. Don't miss this chance to secure a prime piece of Saratoga Springs real estate.

    Property Features for 51 Redwood Rd

    General Information

    Property type
    Land
    Lot Size
    323,215 SF

    HighLights

    • 7.42‑acre parcel
    • Business Park zoning
    • UDOT access via Redwood Road
    • High‑growth area with strong potential
    • Excellent visibility from Redwood Road
    • Strategically located between Redwood Road and West Lake High School
    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
    -111.918791
    Latitude
    40.3631321

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    FAQs

    What type of property is this?
    Land - 7.42 Acres, Business Park Zoning, High Visibility
    Where is this land located?
    The property is located at 51 Redwood Rd Saratoga Springs, UT.
    What is the asking price?
    The asking price for this property is $5,171,443.
    What are key features of this property?
    This property features: 7.42-acre parcel; Business Park zoning; UDOT access via Redwood Road
    (801) 901-0303
    Request Owner's contact information
    51 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
    51 Redwood Rd Saratoga Springs, UT 84045
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