Shovel-Ready Multifamily Development
For Sale
$1,450,000
947 W Euclid Ave, Salt Lake City, UT 84106
Entitled 40-unit multifamily development with completed plans, engineering, studies, and entitlement work included in the sale.
Property SizeContact for details
Days on Market86
Property Features for 947 W Euclid Ave
General Information
Standard status
Active
Property subtype
Vacant Land
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
40
Building Details
Stories
6
Listing Agency:
KW Utah Realtors Keller Williams (Brickyard)
Listed By:
Shad Selmos · License #9241614SA00
(801) 326-8800
Source:
Redsign
Added: Jun 16
Changed: Sep 8
Last Checked: Sep 8 at 4:16AM
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 KW Utah Realtors Keller Williams (Brickyard)
Investment Insights
Based on property information with market context.
947 W Euclid Ave in Salt Lake City, UT 84104 presents a shovel-ready multifamily development opportunity. The site is fully entitled for a 40-unit apartment project with completed architectural plans, engineering, studies, and entitlement work included with the sale. The approved concept calls for a modern six-story building with a mix of one- and two-bedroom residential units and contemporary design intended to support efficient, urban apartment living.
The property is located within an Opportunity Zone and is positioned just minutes from Downtown Salt Lake City. The site is described as having immediate access to I-15, I-80, and TRAX, placing it within reach of downtown employment centers and the west-side redevelopment corridor. The remarks also note proximity to the newly announced Power District redevelopment and a sports and entertainment district associated with Smith Entertainment Group.
For developers seeking a path to construction with reduced pre-development scope, this offering combines an entitled project with completed pre-construction documentation. With the prior approval in place, a buyer can reactivate permits and move toward building the approved 40-unit structure based on work that has already been completed.
The property is located within an Opportunity Zone and is positioned just minutes from Downtown Salt Lake City. The site is described as having immediate access to I-15, I-80, and TRAX, placing it within reach of downtown employment centers and the west-side redevelopment corridor. The remarks also note proximity to the newly announced Power District redevelopment and a sports and entertainment district associated with Smith Entertainment Group.
For developers seeking a path to construction with reduced pre-development scope, this offering combines an entitled project with completed pre-construction documentation. With the prior approval in place, a buyer can reactivate permits and move toward building the approved 40-unit structure based on work that has already been completed.
Key Highlights
- Fully entitled, shovel‑ready multifamily development site for a 40‑unit apartment project
- Completed architectural plans, engineering, studies, and entitlement work included with the sale
- Approved building design: modern six‑story apartment with 40 residential units
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 84106, UT
35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled 40-unit multifamily development with completed plans, engineering, studies, and entitlement work included in the sale.
Where is this residential land & home lot located?
The property is located at 947 W Euclid Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully entitled, shovel‑ready multifamily development site for a 40‑unit apartment project; Completed architectural plans, engineering, studies, and entitlement work included with the sale; Approved building design: modern six‑story apartment with 40 residential units
