175 Central Ave Salt Lake City, UT 84107-1418
Property profile & analytics
175 Central Ave, Salt Lake City, UT 84107-1418
- Auto shops
- 5,600 SF
- 4.75 lot acres
Property ID
US86-0649915
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Nelson Contractors Inc / General Contractor / Construction Company
Property Details for 175 Central Ave
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.75 lot acres
- Property size
- 5,600 SF
- Zone code
- RM
- Property type
- Auto shops
- APN
- 21-01-206-005
- APU
- 2101206005
Description
This exceptional 7.18-acre commercial land parcel in Murray, Utah, presents a remarkable investment opportunity. Located at 175 W Central Ave, 84107, this property is ideally situated near the Murray North and Meadowbrook UTA Trax stations, offering convenient access to public transportation. The site is fully entitled for a 423-unit multifamily project, including 7,000 square feet of commercial space along Central Avenue. Detailed plans are in place, encompassing sophisticated building designs, amenities such as an upscale clubhouse, pool, fitness center, dog parks, fire pits, walking trails, and potential rooftop amenities. The project benefits from an existing Tax Increment Financing (TIF) agreement valued at $3.5 million, significantly reducing construction costs. Comprehensive surveys, geotechnical and environmental reports, and grading plans are all available. This Qualified Opportunity Zone property offers substantial potential for developers seeking a prime location with a fully approved, high-density project. The land is priced at $11,877,000, with a land value of $36 per square foot. The property's proximity to Big Cottonwood Creek adds to its aesthetic appeal and provides a naturally pleasant environment for future residents. This is a turnkey opportunity for immediate development.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.897
- Latitude
- 40.6809
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$49,312
$4,068,900
$7,500
$4,076,400
-
$4,068,900
$7,500
$4,076,400
