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Emily Hayes

CEO Emily Hayes Homes | Emily Hayes Homes | Keller Williams | PLACE

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372 E 100 S , Salt Lake City, UT 84111
$4,500,000
Est. Payment: $10,000.00/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 12
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68816 - 85103,4025041
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House 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.

Highlights

Listed by Matt Sneyd , 801-485-3151 and Ryan M Struthwolf , 801-485-3151 Windermere Real Estate , 801-485-3151.

Property Type

Vacant Land

Lot/Acreage
0.46

County

Salt Lake

Area

Salt Lake City; So. Salt Lake

Neighborhood

Plat B Slc Sur

School District

Salt Lake

Listing ID

2183121

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Corner Lot,Sidewalks,Terrain: Grad Slope
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:0
Zoning:R-MU
Sewer:Sewer: Connected,Sewer: Public
Principal Interest
$10,000
Taxes
$1,884

Home Price

$4,500,000

Loan Details

30 yrs
%

Down Payment

20%
$900,000
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Monthly Price:
$10,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,000.00 $1,884.25 $0.00 $11,884.25
Yearly $120,000.00 $22,611.00 $0.00 $142,611.00
Total $3,600,000.00 $678,330.00 $0.00 $4,278,330.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.