801-303-5555
640 S West Temple, Salt Lake City, UT for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

640 S West Temple
Salt Lake City, UT 84101
Central Salt Lake City


HIGHLIGHTS

  • Lattice Apartments: 184 micro-units, fully renovated in 2023 with high-end finishes, smart home features, and private Juliette balconies
  • North Tower: Vacant 9-story, 204-key former hotel with flexible redevelopment potential
  • Zoning & Site: 4.92-acre site zoned D-1 and D-2, offering flexibility for mixed-use development
  • Amenities: Co-working space, sky lounge with panoramic views, state-of-the-art fitness center, and bike storage
  • Transit-Oriented: Located on 600 South with direct access to I-15 and a 6-minute walk to the TRAX light rail station
  • Opportunity Zone: Positioned within a designated Opportunity Zone, offering potential tax advantages for investors

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the Lattice Apartments and North Tower (the “Property”), located in Downtown Salt Lake City, Utah. The Property is comprised of the following: • Lattice Apartments: Fully renovated, 184-micro-unit apartment project • North Tower: Vacant 9-story, 204-key former hotel building • Excess Development Land: Approximately 1.8 acres of excess development land This is the premier opportunity for investors with a long-term investment horizon and conviction in the Salt Lake market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

388

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lattice Apartments & North Tower

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

13

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.92 AC

LAND SF

214,315 SF

ZONING

D-1 & D-2

APN/PARCEL ID

15-01-478-009,15-01-478-018,15-01-478-019

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.