1032 Redwood Rd Saratoga Springs, UT 84045

Property Details for 1032 Redwood Rd

Lot size

3.77 lot acres

Property type

Commercial real estate

Description

This exceptional 3.77-acre commercial land parcel in Saratoga Springs, Utah, presents a remarkable investment opportunity. Located at 1032 N Redwood Rd, 84045, this property boasts a highly desirable mixed-use zoning designation, offering unparalleled flexibility for development. Currently priced at $2,135,000, or $13 per square foot, this land is ideally situated directly across the street from a Costco, ensuring high visibility and convenient access to a substantial customer base. The existing entitlements allow for multifamily development, but the mixed-use zoning permits a wide array of commercial and residential uses. Potential projects could include, but are not limited to, a variety of retail establishments (bakery, convenience store, bookstore, etc.), restaurants, offices (medical, financial, etc.), a fitness center, childcare center, or even a combination of residential and commercial uses such as live/work spaces or apartments above commercial units. The permitted uses also encompass a wide range of community-serving businesses, including churches, libraries, and even a funeral home. This prime location, combined with the flexible zoning and the proximity to a major retailer, makes this a truly exceptional opportunity for investors seeking a high-return, versatile property in a thriving Utah community. The sale is structured as a 1031 exchange. This property is ready for your vision.