5934 S COUGAR LN W #5934 Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84118
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2047409
Year Built 1979
Annual Tax Amount $8,642
Lot Size 1.440 Acres
Property Description
JUST LISTED! The Salt Lake City, Utah Winter Olympics 2034 coming, this rare 1.44 Acre property next to the Olympic Oval Venue & the South Valley Regional Airport, is a Prime Development Opportunity for potential Mixed Use, Commercial, Hotel, Multifamily, STR, Athlete Training, etc! Income Producing Rental Income while you develop the property! Property was previously rented for $11,500 per month, but is currently undergoing some improvements. *Currently Zoned Multi Family Dwelling (2-4 Unit)Building. With flexible zoning options and city interest in rezoning, and several plans already drawn up, this property is ideal for a MIXED-USE PROJECT, potentially incorporating Commercial Retail Spaces with Residential Units above, or a full Multi-Family Residential Development. *There are Drawings and talk with the city and Kearns City Council of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). This flat, expansive lot currently includes two existing buildings at 5934 S & 5930 S, each approximately 4,215 square feet, totaling around 8,430 square feet. *Also includes two large storage buildings with basements. Don't miss this rare chance to bring a high-impact project to an area eager for growth. *Further details on city discussions and potential approved plans are available upon request. Owner agent. #investmentproperty #developers #saltlakecity2023 #Olympics #investors #realestateinvesting #olympicoval #utaholympicpark #utaholympicoval
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Single-Family, Multi-Family, Commercial
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Full
Flooring Carpet,Tile
Inclusions Fixtures, Furniture, Real Estate
Exterior
Exterior Feature Out Buildings,Paved Parking,Playground,Security Lighting
Utilities Available Gas: Natural,Paid By Landlord
View Y/N No
Roof Type Flat,Rubber
Building
New Construction No
Others
Acceptable Financing Cash,Conventional,Exchange,Seller Finance First
Listing Terms Cash,Conventional,Exchange,Seller Finance First