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    Land

    1431 Arimo Rd, Lake Point, UT 84074

    1.27 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.27 ac (55,321 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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