1535 Sunnyside Ave Salt Lake City, UT 84105
- Commercial land
- 1.33 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1535 Sunnyside Ave
- Year built
- 1951
- Lot size
- 1.33 lot acres
- Zone code
- I
- Property type
- Commercial land
- APN
- 16-09-126-010
- APU
- 1609126010
Description
This exceptional 1.32-acre land parcel, located at 1535 E Sunnyside Ave, Salt Lake City, UT 84105, presents a unique investment opportunity. Situated in Salt Lake County, this property boasts a highly desirable location just one block from the University of Utah's South Campus and within close proximity to the George E. Wahlen Department of Veterans Affairs Medical Center. The "I" - Institutional zoning allows for a building height of 35 feet as of right, with potential for approval up to 75 feet through a design review process. The lot, measuring approximately 225' x 257.77', offers significant development potential. The property's strategic location on Salt Lake City's affluent East Bench, surrounded by the University of Utah, Research Park, and a high-end residential neighborhood, ensures strong demand and future appreciation. With an asking price of $7,000,000, this represents a compelling investment in a thriving area. The high daily traffic counts on nearby Sunnyside Avenue and Foothill Drive further enhance the property's commercial viability. Convenient access to the University of Utah campus, hospital, Huntsman Cancer Center, Research Park, and the VA Medical Center via walking or TRAX light rail adds to its appeal. Parcel number 16-09-126-010, Legal Lot 1A, The Armory 4 Lot Minor Sub.
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
- -111.847
- Latitude
- 40.7513
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
