$ 800,000
127 W ALBERMARLE AVE Salt Lake City, UT 84101
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$ 800,000
Est. payment | /mo
6,098 Sqft Lot
$ 800,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2025883
HOA Y/N No
Annual Tax Amount $1,800
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.0x0.0x0.0
Property Description
Development site in the HEART of the Ballpark District. Located right next to Smith's Ballpark. Currently zoned CG. The city has proposed a rezone of this parcel to MU-8 which will allow for buildings up to 8 stories high. Additional stories may be allowed on top of that if certain incentives are met. This is an awesome opportunity to jump in and be apart of the remaking of the Ballpark district. There is movement on parcels all around this lot. Tradition Pointe Apartments is near completion. Right next to this parcel Abstract Development is building a beautiful Mixed Use Multi Family building. Other big names like Colmena Group owns large portions of land in this area. The city has a draft of the preferred concept for the Ballpark that will be presented to the RDA Board (City Council) at their December meeting where the public will have an opportunity to provide input. The concept will then continue to be refined and finalized in Q1 of 2025. Central 9th went through this same process a few years back and now property values have skyrocketed in the area and it is a hustling and bustling place. Feel free to give me a call if you are interested in the property and I can give you the full scoop on the area, neighboring parcels, etc. to save you a lot of time and effort. Building on property was razed and so you have a flat empty lot to work with. Would possibly be open to short term seller finance with 50% down payment. Owner Agent.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Interior
Fireplace false
Exterior
Waterfront No
View Y/N Yes
Present Use Commercial,Multi-Family
Topography Terrain: Flat
Private Pool false
Building
Lot Description Fenced: Full, Terrain: Flat
New Construction No
Schools
Elementary Schools Liberty
Middle Schools Clayton
High Schools Highland
School District Salt Lake
Others
Senior Community No
Tax ID 15-13-227-001
Ownership Agent Owned
Horse Property No
Listed by Equity Real Estate (Premier Elite)