1940 Loafer Mtn Unit Salem, UT 84653
- Retail properties
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1940 Loafer Mtn Unit
- Lot size
- 1.10 lot acres
- Property type
- Retail properties
Description
This exceptional 1.1-acre commercial lot in Salem, UT, presents a unique investment opportunity. Ideally situated just a short distance from the Benjamin/Salem I-15 freeway on/off ramp, this buildable lot boasts unparalleled accessibility and visibility. Its prime location directly precedes a planned major grocery store anchor, ensuring high traffic volume. The lot features convenient frontage on the main road with a right-hand turn lane, further enhancing its appeal to businesses seeking optimal customer access. Priced competitively at $20 per square foot, this property offers significant value in a rapidly expanding area. Significant lot improvements are underway, adding to its attractiveness. This is one of the last undeveloped exits along the I-15 corridor, positioned at the first full-light intersection east of the freeway. The recently opened Loafer Mountain Parkway provides direct access to Salem City, Woodland Hills, Payson, and Elk Ridge, solidifying this location as a burgeoning commercial center in South Utah County. The property is perfectly suited for a drive-thru business, capitalizing on its high-traffic potential. This is part of a larger 17-acre commercial retail project, representing a first-mover advantage in a high-growth area. The site's strategic location and ongoing development make it an exceptional investment opportunity for businesses seeking a prominent presence in a thriving community. Further details and site visits can be arranged.
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
- Salem
- County
- Utah
- State
- Utah
- Longitude
- -111.687
- Latitude
- 40.0618
