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    250 400 Tooele, UT 84074

    For Sale
    $999,000

    High-density residential lot, 28 units possible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.75-acre lot in Tooele, Utah, presents a prime opportunity for high-density residential development. Located at 250 W 400 N, Tooele, UT 84074, this property boasts MR-16 zoning, allowing for up to 16 units per acre, totaling a potential of 28 units. The lot is comprised of two parcels: 02-065-0-0002 and 02-065-0-0007. Final plat approval was granted in December 2023, with mylar ready for printing and signing, facilitating a swift closing. A comprehensive engineered plan set for 24 units, already approved by staff, is available. This plan can be quickly finalized for mylar approval. The asking price of $999,000 includes water rights for all units, ready for dedication to the city, with excess water rights also available. Soil reports and the existing plan set are accessible upon serious inquiry. The property's zoning allows for flexibility; the existing 24-unit plan can be re-engineered to accommodate up to 28 units if desired. This is a remarkable opportunity to acquire a fully permitted, high-density residential development site in a rapidly growing area. Don't miss this chance to capitalize on the potential of this exceptional property.

    Property Features for 250 400

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • $999,000 asking price for 1.75 acres of land.
    • High‑density residential zoning (MR‑16), allowing for 16 units per acre.
    • Final plat approved December 2023; ready for quick closing.
    • Includes water rights for all 24 planned units; additional water rights available.
    • Approved engineered plan set for 24 units; potential for up to 28 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.3057398
    Latitude
    40.5385594

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    FAQs

    What type of property is this?
    Land - High-density residential lot, 28 units possible.
    Where is this land located?
    The property is located at 250 400 Tooele, UT.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price for 1.75 acres of land.; High-density residential zoning (MR-16), allowing for 16 units per acre.; Final plat approved December 2023; ready for quick closing.
    Request Owner's contact information
    250 400 Tooele, UT 84074
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    Tooele, UT 84074
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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
    250 400 Tooele, UT 84074
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