LandMulti Family1625, NORTH TEMPLE, Salt Lake City, UT, 84116

1625, NORTH TEMPLE, Salt Lake City, UT, 84116

1625, NORTH TEMPLE, Salt Lake City, UT, 84116
    $4,000,000
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    Basics

    • Date added: Added 1 month ago
    • Category:
    • Type:
    • Status:
    • Lot size: 0.57, 24829.2 acres
    • County Or Parish: Salt Lake
    • Parcel Number: 08-34-453-004
    • MLS ID: 1874040

    Description

    • Description:

      This is a fully entitled, .60 acres of land, with approvals and plans for 113 unit apartment building. Five floors over podium design. Demo of existing building is completed. All engineering, soils, architectural, structural, TSO points, etc. are completed and plans have been submitted to the building department for permits. This land is located directly west of the proposed Miller MLB Baseball field, as well as a large commercial master planned development on this Rocky Mountain Power site. Land includes a 25' x 250' "Right of Way" onto the Rocky Mtn Power property. This project has taken over two years to design and obtain approvals from Salt Lake City. Updated, Jeff Neese Market Study is available. Please see attachments to listing or contact owner for complete packet, TRAX stop to new $6B airport and downtown is front of building. 42 parking stalls, gym, office center w/retail on main floor. Updated Western States Multifamily market study as of March 3, 2023 is available to review. Gross Income is projected at $2,266,038 annually. Seller is currently obtaining new bids for construction with costs continuing to decline. Hard construction costs are believed to be close to $225 per sq ft bringing Wolf Station Close to $20M to $21M.

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    Rooms

    • Rooms Total: 0
    • Bathrooms Partial: 0

    Building Details

    • Mobile Length: 0
    • Mobile Width: 0
    • Stories: 0
    • Covered Spaces: 0

    Amenities & Features

    • Parking Total: 0
    • Utilities: Natural Gas Available,Electricity Available,Sewer Available,Sewer: Public
    • Sewer: Sewer: Available,Sewer: Public

    School Information

    • High School District: Salt Lake
    • Middle Or Junior School District: Salt Lake
    • Elementary School District: Salt Lake
    • Elementary School: Backman
    • High School: West
    • Middle Or Junior School: Northwest

    Miscellaneous

    • Tax Annual Amount: $1
    • List Office Name: Town & Country Apollo Properties, LLC
    • Ownership: Property Owner
    • Listing Terms: Cash,Conventional
    • Property Condition: Blt./Standing
    • Current Use: Multi-Family

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    This style property is located in Salt Lake City, Salt Lake City is currently and has been listed on Utah Cribs. This property is listed at $4,000,000. It has bedrooms, bathrooms, and is . The property was built in year.

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