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Potential to Earn Rental Income (previously renting for $11,500 per month) while Developing this large parcel, especially with the Salt Lake City, Utah Winter Olympics 2034 coming, this is a Prime Development Opportunity Potential- Hotel, Short Term, Mixed Use? On a Spacious 1.44-acre lot close to the *Utah Olympic Oval Venue, *South Valley Regional Airport, *Kearns High School, and *Kearns Park & Recreation Center, with easy access to major freeways and highways. *With flexible zoning options and city interest in rezoning, and several plans already drawn up, this property is ideal for a MIXED-USE PROJECT, potentially incorporating Commercial Retail Spaces with Residential Units above, or a full Multi-Family Residential Development. *Drawings and talk with the city of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). *The city is open to all kinds of Zoning and Businesses, and the Kearns City Council has expressed enthusiasm for various project concepts, including owner-occupied Multi-family housing. *This flat, expansive lot currently includes two existing buildings at 5934 S & 5930 S, each approximately 4,215 square feet, totaling around 8,430 square feet. *Also includes two large storage buildings with basements. *Previously used as youth housing and residential treatment facilities, the property's strategic location and zoning flexibility make it perfect for new development, the Olympics, or continued use as housing, including options for temporary housing for athletes training nearby. *Don't miss this rare chance to bring a high-impact project to an area eager for growth. *Further details on city discussions and potential approved plans are available upon request.Owner agent
| DAYS ON MARKET | 38 | LAST UPDATED | 11/16/2024 |
|---|---|---|---|
| YEAR BUILT | 1979 | COMMUNITY | Magna; Taylrsvl; WVC; SLC |
| COUNTY | Salt Lake | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Beehive |
|---|---|
| Jr. High School | Thomas Jefferson |
| High School | Kearns |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Oven, Range |
| AREA | Magna; Taylrsvl; WVC; SLC |
| CONSTRUCTION | Brick |
| EXTERIOR | Lighting |
| HEAT | Central, Forced Air, Natural Gas |
| INTERIOR | In-Law Floorplan, Vaulted Ceiling(s) |
| LOT | 1.44 acre(s) |
| LOT DESCRIPTION | Corner Lot, Private |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| SEWER | Public Sewer |
| STYLE | Five-Plex |
| TAXES | 8642 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | 1144 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Platinum Place Realty
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