Property profile

0 Main St Grantsville, UT 84029

OFF-MARKET
Land
35.06 ac lot
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Property summary

AI-generated overview

This exceptional 35.06-acre residential lot in Grantsville, Utah, presents a remarkable development opportunity. Recently rezoned for residential use by the city, this property boasts 535 feet of frontage on W Main Street and offers the potential for subdivision into approximately 100 quarter-acre lots or more than 50 half-acre lots (estimates). The property includes available water shares, a significant advantage for future development. Located adjacent to an established residential area and situated at the edge of a major growth zone, this land benefits from Grantsville's impressive population growth exceeding 26% since 2020. The proximity to Tooele, a city experiencing 14.5% population growth in the past four years, further enhances the investment potential. This parcel offers a unique chance to capitalize on the thriving residential market in this rapidly expanding area of Tooele County, Utah, with a zip code of 84029. The property is priced at $2,350,000.

Property profile

Verified
Property type Land
Lot 35.06 ac (1,527,214 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Grantsville, UT 84029
Grantsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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