964 S 200 W - R&D FOR SALE


Salt Lake City, UT 84101- Central Salt Lake City
$3,150,000 USD
801-913-1505
964 S 200 W, Salt Lake City, UT for Sale
$3,150,000 USD
R&D - FOR SALE
1/7
null | Request Cap Rate

964 S 200 W
Salt Lake City, UT 84101
Central Salt Lake City


HIGHLIGHTS

  • Transit at the front door. TRAX runs along the 200 West frontage, and the 900 South station. Blue, Red, and Green lines served
  • 111 units on ±0.54 acres. SLC's Affordable Housing Incentive allows one extra story in MU-6
  • Parking by choice. No residential or retail parking minimum in the transit context, yet the plan provides 86 stalls
  • Design work done. Site plan, floor plans, unit plans, program, and renderings are complete.
  • Central 9th, with Ballpark Next ahead. Walkable neighborhood on the 900 South corridor, about half a mile from the ~15-acre Smith's Ballpark site

OVERVIEW

964 S Apartments is a ±0.54-acre (±23,609 SF) corner development site at 200 West and Fayette Avenue in Salt Lake City's Central 9th neighborhood. It is offered with a complete schematic design package by Axis Architects for a six-story, 111-unit mixed-use apartment building with 86 structured parking stalls, ±2,760 SF of double-height ground-floor retail, and a full amenity program: a club room opening onto a 3,360 SF amenity deck, a rooftop lounge and deck, a fitness center, and co-working space. The site is zoned MU-6, with a base height limit of 65 feet. The design uses Salt Lake City's Affordable Housing Incentive (AHI), which adds one story in the MU-6 zone. The plan's six three-bedroom units match the AHI option requiring 5% of units to be three-bedroom homes affordable at or below 80% AMI, leaving the remaining 105 units market-rate. TRAX runs in the 200 West median directly in front of the property, and the 900 South station, served by the Blue, Red, and Green lines, is about 725 feet away. Because the site is in a transit context, there is no minimum parking requirement; the 86 stalls (0.77 per unit) are provided by choice

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central 9th Apartments

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,522

ZONING

MU-6

APN/PARCEL ID

15-12-258-021-0000,15-12-258-022-0000,15-12-258-023-0000,15-12-258-028-0000

ASK ABOUT THIS PROPERTY

John PrinceAxis ArchitectsMore Info
801-913-1505

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

John PrinceAxis ArchitectsMore Info
801-913-1505

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