250 400 Tooele, UT 84074
- Land
- 1.75 lot acres
Current Use by Public Records
- Land
Property Details for 250 400
- Lot size
- 1.75 lot acres
- Property type
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tooele
- County
- Tooele
- State
- Utah
- Longitude
- -112.306
- Latitude
- 40.5386
