1431 Arimo Rd, Lake Point, UT 84074
This exceptional 1.27-acre highway commercial land parcel presents a prime investment opportunity in Lake Point, Utah. Located at 1431 Arimo Rd, 84074, this property boasts a highly desirable location on the I-80 interchange and benefits from excellent visibility along the Highway 36 commuter corridor connecting Tooele and Salt Lake City. The permitted zoning is Highway Commercial, allowing for a variety of development options. The asking price is $829,818, translating to a land value of $15 per square foot. This strategically positioned parcel is surrounded by established national brands, including Del Taco, Arby's, McDonald's, Denny's, Popeye's Chicken, Chevron, and a Shell Travel Center, ensuring high traffic volume and strong consumer presence. The property's APN is 15-055-0-0001, and ownership is held by Sun Development. This development-ready land offers significant potential for immediate returns and long-term growth in a thriving commercial area. The property's location on a major commuter route guarantees consistent exposure to a large potential customer base. This is an exceptional opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.