Property profile

8955 700th E Sandy, UT 84070

OFF-MARKET
Commercial land
Property ID
US86-0475440
7,350 SF 0.5 ac lot Built 1981
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.42-acre commercial land parcel presents a prime development opportunity in Sandy, Utah. Located at 8955 S 700 E, 84094, this pad-ready site is zoned for commercial use and boasts excellent visibility and accessibility. The asking price is $375,000, translating to a land value of $20.50 per square foot. The property's strategic location benefits from high traffic counts, with 44,400 ADT on 9000 South and 40,253 ADT on 700 East, ensuring significant exposure for any future development. All necessary infrastructure is in place, including curb and gutter installation, making this a truly turnkey opportunity for immediate construction. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area of Salt Lake County. The property's size and zoning make it suitable for a variety of commercial uses, offering significant potential for return on investment. Don't miss this chance to acquire a highly desirable commercial lot in a prime Sandy location. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,350 SF
Lot 0.5 ac (21,780 SF)
Zoning code BC
APN 28-05-151-083
UPID US86-0475440

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Telecommunications Service

Location

8955 700th E Sandy, UT 84070-2420
Sandy metro Census 112612 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

BC · Sandy, UT
Zoning description

This district is established to provide guidelines for the development of properties fronting on 700 East north of 9000 South. Regulations are intended to allow a selective variety of uses within planned commercial cente…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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