737 Temple St Salt Lake City, UT 84116
- Land
- 0.35 lot acres
Current Use by Public Records
- Land
Property Details for 737 Temple St
- Lot size
- 0.35 lot acres
- Property type
- Land
Description
This exceptional 0.35-acre land parcel, located at 737 W North Temple St in Salt Lake City, Utah, presents a unique investment opportunity. Zoned TSA-UN-C, it allows for buildings up to 75 feet high, or 105 feet with a sloped roof. The property benefits from its location within an Opportunity Zone and enjoys unparalleled access to downtown Salt Lake City and the new Salt Lake City International Airport (within a 10-minute drive or train ride). Its proximity to the I-80/I-15 interchange and the Jackson/Euclid TRAX station ensures excellent connectivity. Currently occupied by a Jiffy Lube under a triple-net lease expiring February 2029, this site is ideally positioned near the Larry H. Miller Company's Power District, a large mixed-use development. The surrounding area boasts strong demographics, with an average household income of $95,314 within a 5-mile radius and average multifamily rents of $1,659 per unit per month. This represents a significant discount compared to downtown rental rates, offering attractive affordability. The site's potential for high-density development makes it a compelling investment in a rapidly growing area. The asking price is $1,905,750. The zip code is 84116.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.913
- Latitude
- 40.7712
