372 E 100 S, Salt Lake City, UT 84111
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372 E 100 S, Salt Lake City, UT 84111
372 E 100 S, Salt Lake City, UT 84111
372 E 100 S, Salt Lake City, UT 84111
372 E 100 S, Salt Lake City, UT 84111
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Alicia Schwartz

Alicia Schwartz

+1(801) 910-5481
$ 4,500,000
Est. payment /mo
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Active

372 E 100 S Salt Lake City, UT 84111

0.46 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Plat B Slc Sur

MLS Listing ID 2183121

HOA Y/N No

Annual Tax Amount $22,611

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Residential

Property Description

Rare Salt Lake City urban infill development opportunity at 372 E 100 S. This 0.46 acre property is ideally located less than one mile from Downtown Salt Lake City and approximately 1.5 miles from the University of Utah, placing it in a highly strategic location for residential, student housing, hospitality, office, retail, or mixed-use development. The property is zoned MU-8 with an 85 foot height allowance and is located within the Urban Center parking context, providing the foundation for a significant high density urban project. The development potential is exceptionally flexible. A conceptual student housing program could provide approximately 400 beds in 200 double occupancy units, making the property particularly compelling given its proximity to the University of Utah. Alternatively, the site can be envisioned as an approximately 120 unit apartment development, a hotel or extended stay hospitality project, office or medical space, retail, or virtually any combination of these uses. Potential mixed use concepts could incorporate residential or student housing above ground floor retail, office, hospitality, or other commercial uses, allowing a developer to tailor the project to market demand and investment strategy. The property currently contains a stunning well maintained 13,300 square foot main building, including an apartment on the top level, plus a separate approximately 2,500 square foot building, both constructed in 1937, providing an additional opportunity for adaptive reuse. The existing structure could potentially be repositioned for office, medical, professional services, event space, hospitality, boutique commercial, or other specialty uses, offering an alternative to complete redevelopment. The property's location, MU-8 zoning, 85 foot height allowance, Urban Center parking context, and proximity to both the University of Utah and Downtown Salt Lake City create a compelling opportunity for developers, investors, and owner users. With multiple potential development programs ranging from approximately 400 bed student housing to 120 unit multifamily, hotel, office, retail, or a combination of uses, 372 E 100 S offers the flexibility to pursue a wide range of strategies in one of Salt Lake City's most desirable urban infill locations. DO NOT DISTURB - TENANT UNAWARE OF SALE. All showings and property inquiries must be coordinated through the listing representative. Buyer to independently verify all measurements, zoning, permitted uses, development standards, and other property information.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family, Commercial, Short Term Rental Allowed

Interior

Fireplace No

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public

View Y/N Yes

Present Use Residential,Commercial,Multi-Family

Topography Terrain: Grad Slope

Private Pool No

Building

Lot Description Corner Lot, Sidewalks, Terrain: Grad Slope

Faces North

Sewer Sewer: Connected, Sewer: Public

New Construction No

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 16-06-205-008

Acceptable Financing Cash, Commercial Fin. Req., Conventional

Listing Terms Cash, Commercial Fin. Req., Conventional

Listed by Windermere Real Estate
Alicia Schwartz

Alicia Schwartz

Agent License ID: 12127609

+1(801) 910-5481

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372 E 100 S