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CBD and CBD and PeripheryPeriphery
This offering provides the opportunity to acquire an APART-MENT DEVELOPMENT SITE WITH IMMEDIATE FREEWAY ACCESS in Salt Lake City, Utah. Consisting of 2.76 acres, the site is centrally located within proximity to the area’s two primary urban cores; downtown and Sugar House.
PROPERTY INFORMATIONLand Size: 2.76 acres
Zoning: TOD (Transit Oriented Development)
Asking Price: $7,814,000 ($65 psf)
LOCATION:Situated along West Temple, the Site offers direct access to Salt Lake City’s premier destinations for a diverse live-work-play lifestyle:• Positioned within the heart of South Salt Lake, home to The
Crossing, a 14.5-acre mixed-use redevelopment site which will soon include Class-A Office
• 2 miles to Sugar House, one of the City’s most vibrant and sought-after neighborhoods featuring local restaurants, nightlife, shopping and iconic park
• 2.5 miles to The Granary District, downtown’s hippest emerging submarket
• 4 miles to downtown Salt Lake City, which is currently experiencing a major revitalization and expansion on all fronts
HIGHLIGHTS INCLUDE:• Zoning allows for high-density development (250+ units – see pg.
15 the offering memorandum for details)• Surrounded by an up-and-coming brewery district, the site is also
complimented by numerous Class-A mixed-use projects • Severe lack of remaining land development opportunities,
especially for premier locations with maximum Freeway connectivity
• 1 mile to the TRAX Light Rail Station, which provides access to both the TRAX Main Line (connects directly to downtown), and the S-Line (runs right into Sugar House)
• Surrounding Class-A Apartments are currently achieving an average rental rate of $1,529/mo. ($1.60 psf)
The ability to acquire land near Salt Lake City’s urban core areas is an exceptionally rare occurrence. This APARTMENT DEVELOP-MENT SITE represents one of the few remaining development opportunities and is well positioned for growth.
2511 South West Temple Street - South Salt Lake, Utah
APARTMENTDEVELOPMENT SITEWITH IMMEDIATEFREEWAY ACCESS
Exclusively Marketed by
Kip Paul Vice Chairman - Investment Sales801-303-5555 [email protected]
Jorgi Paul Senior Associate - Investment Sales801-303-5570 [email protected]
Rhett BueDirector - Investment Sales801-303-5416 [email protected]
DEVELOPMENT OFFERING
West Temple Street
Main Street
300 West
State Street
700 East
2100 South
2700 South
1300 EastHighland Drive
Bonneville Bonneville ShorelineShoreline
TrailTrail
Jordan RiverJordan RiverParkway TrailParkway Trail
Liberty Liberty ParkPark
Smith’sSmith’sBallparkBallpark
Sugar HouseSugar HouseParkPark
UTA FrontRunnerUTA FrontRunner
1515
80
80
80
215
CBD and CBD and PeripheryPeriphery
Sugar Sugar HouseHouse
The The GranaryGranary
S-LineS-Line
TRAX Main LineTRAX Main Line
TRAX Green Line
TRAX Green Line
Red
Line
Red
Line
201
DEVELOPMENT SITE
30 minutes toPark City via
80
Imagery: Google Earth/Landsat/Copernicus
Exclusively Marketed by
Kip Paul Vice Chairman801-303-5555 [email protected]
Jorgi Paul Senior Associate801-303-5570 [email protected]
Rhett BueDirector801-303-5416 [email protected]
170 South Main Street, Suite 1600Salt Lake City, Utah 84101Tel 801-322-2000 Fax 801-322-2040cushmanwakefield.com
©2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. path: 1- Projects/Paul, K/1 - Flyers/2511sWestTemple
APARTMENT DEVELOPMENT SITE WITH IMMEDIATE FREEWAY ACCESS
New ProjectsExisting Retail
