Multifamily Development
For Sale
$4,500,000
947 West S Temple Street, Salt Lake City, UT 84104
Multi-parcel site with approved development plans for large apartment buildings and existing income buildings totaling 13,000 sqft.
Property Size42,253 SF
Lot Size0.97 Acres
Price / SF$106.50
Days on Market1116
Property Features for 947 West S Temple Street
General Information
Standard status
Active
Size
42,253 SF
Lot size
0.97 Acres
Property subtype
Land / Commercial
Zoning
Multi-Family, Commercial, Industrial
Additional Details
Opportunity Zone
Yes
Multifamily Units
200
Taxes and HOA fees
Annual Taxes
$13,992
Amenities
No
Building Details
Tenancy
Multi
Listing Agency:
Conrad Cruz Real Estate Services, LLC
Listed By:
William Angel Prince · License #11859522
(830) 358-0010
Source:
Compass
Added: Aug 22, 2023
Changed: Aug 8
Last Checked: Sep 9 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conrad Cruz Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This multifamily development site spans 0.97 acres and includes three parcels: 919 W South Temple (#15022010060000), 921 W South Temple (#15022010050000), and 947 W South Temple (#15022010040000). Site plans are attached for two apartment buildings totaling 160 units and 200 units. Two buildings currently on the site total 13,000 square feet. Due diligence materials, including an ALTA survey, ESA Phase 1, geotechnical report, and DRT planning/zoning notes, can be provided upon request.
The property is located in an Opportunity Zone near Downtown Salt Lake City. All provided multifamily plans can be built by current zoning right under TSA-UN-T.
For developers and multifamily operators, the site offers a defined path to scale, with attached building concepts for 160 and 200-unit apartment configurations that align with existing zoning. Existing improvements also provide current on-site building footprint while due diligence items and planning documentation are available to support the next steps.
The property is located in an Opportunity Zone near Downtown Salt Lake City. All provided multifamily plans can be built by current zoning right under TSA-UN-T.
For developers and multifamily operators, the site offers a defined path to scale, with attached building concepts for 160 and 200-unit apartment configurations that align with existing zoning. Existing improvements also provide current on-site building footprint while due diligence items and planning documentation are available to support the next steps.
Key Highlights
- 0.97‑acre multifamily development site in an opportunity zone near Downtown Salt Lake City
- Site plans for 160- and 200‑unit apartment buildings included with the listing
- Three parcels: 919 W South Temple (#15022010060000), 921 W South Temple (#15022010050000), and 947 W South Temple (#15022010040000)
Property Analytics
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Current Use
Lease Details
200
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-parcel site with approved development plans for large apartment buildings and existing income buildings totaling 13,000 sqft.
Where is this apartment building located?
The property is located at 947 West S Temple Street Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 0.97‑acre multifamily development site in an opportunity zone near Downtown Salt Lake City; Site plans for 160- and 200‑unit apartment buildings included with the listing; Three parcels: 919 W South Temple (#15022010060000), 921 W South Temple (#15022010050000), and 947 W South Temple (#15022010040000)
