500 South Development Site Retail FOR SALE


Salt Lake City, UT - Central Salt Lake City
$10,735,000 USD
801-303-5555
, Salt Lake City, UT for Sale
$10,735,000 USD
Retail - FOR SALE
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500 South Development Site
Salt Lake City, UT
Central Salt Lake City


HIGHLIGHTS

  • Strong Zoning Paired with Near-Term Income
  • Resilient Rental Market and Positive Demographic Tailwinds
  • Central Proximity to Live Event Venues

OVERVIEW

Cushman & Wakefield, as exclusive advisor is pleased to present the opportunity to acquire the 500 South Development Site (the “Site”), a premier D-2 zoned, 1.55-acre OZ development site located in the heart of Salt Lake City, Utah. The Site is encumbered by two single-tenant retail properties currently leased to Safelite and a local restaurant operator, through December 2029 and October 2029, respectively providing near-term income as development plans commence. This offering represents a rare chance to secure highly coveted, developable land in the heart of the Mountain West’s fastest-growing metro. With minimal new multifamily supply expected over the next three years and renter demand holding strong, Salt Lake City’s multifamily market is approaching a pivotal moment. This creates a rare window for developers to deliver high-quality product and meet growing demand.

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.