1150 1220 Tooele, UT 84074
- Mixed-use properties
- 93.70 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 1150 1220
- Lot size
- 93.70 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 93.7-acre property, situated within the burgeoning Tooele Rail Industrial Park in Tooele, Utah, presents a unique investment opportunity. Comprising four parcels (APN: 02-010-0-0050, 02-018-0-0008, 02-018-0-0003, 02-018-0006), this mixed-use land offers significant development potential. The eastern portion, zoned for commercial and office uses, allows for buildings up to 35 feet in height, while the western section, adjacent to the Union Pacific rail line, permits heavy industrial construction up to 70 feet. This strategic location provides direct access to Interstate 80 via State Route 36, ensuring seamless connectivity to Salt Lake City. The property benefits from its position within the thriving Tooele County industrial submarket, experiencing robust growth fueled by the expanding Salt Lake City economy. This includes the influx of tech companies, suburban expansion, and major employers. The property represents nearly 30% of the entire 324-acre Tooele Rail Industrial Park project, rezoned in June 2023 to the Tooele City Business Park (TCBP) district. A compelling co-development opportunity exists with the City of Tooele. The property's location within the Tooele County industrial zone offers affordable rents, estimated at $5.70 per square foot—a 49% discount compared to the overall market. The Salt Lake City metro area's projected population increase of over 106,000 people by 2027, coupled with a high median income and educated workforce, further enhances the long-term growth potential of this exceptional investment.
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
- Tooele
- County
- Tooele
- State
- Utah
- Longitude
- -112.325
- Latitude
- 40.5079
