Property Description

JUST LISTED! The Salt Lake City, Utah Winter Olympics 2034 coming, this rare 1.44 Acre property next to the Olympic Oval Venue & the South Valley Regional Airport, is a Prime Development Opportunity for potential Mixed Use, Commercial, Hotel, Multifamily, STR, Athlete Training, etc! Income Producing Rental Income while you develop the property! Property was previously rented for $11,500 per month, but is currently undergoing some improvements. *Currently Zoned Multi Family Dwelling (2-4 Unit)Building. 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. *There are Drawings and talk with the city and Kearns City Council of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). 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. 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. #investmentproperty #developers #saltlakecity2023 #Olympics #investors #realestateinvesting #olympicoval #utaholympicpark #utaholympicoval

Features
: Forced Air, Natural Gas
: Central Air, Full
: Paved Parking, Out Buildings, Playground, Security Lighting
: Carpet, Tile
: Refrigerator, Smart Thermostat(s), Kitchen, Range/Oven, Dishwasher, Restroom: Private, Fireplace, Laundry: Individual
: Gas: Natural, Paid By Landlord
: Blinds, Drapes, Shades, Full
Appliances
: Furniture, Real Estate
Address Map
US
UT
Salt Lake
Salt Lake City
84118
COUGAR
5934
LN
W113° 59' 39.9''
N40° 38' 36.1''
East
Magna; Taylrsvl; WVC; SLC
S
W
5934
Single-Family, Multi-Family, Commercial
Additional Information
0.0x0.0x0.0
2024-11-14
: Ground Level, Single Level
: Retail, Office, Commercial
Financial
8642.0
Listing Information
86676
70796
Cash,Conventional,Exchange,Seller Finance First
Active
2025-03-12T16:36:47Z
WFRMLS

Commercial Sale For Sale

5934 S Cougar Ln #5934, Salt Lake City, Utah 84118

1.44 Acre
$3,800,000
Listing ID #2047409
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2047409
Price : $3,800,000
Year Built : 1979
Lot Area : 1.44 Acre
Status : Active
Office Name : Platinum Place Realty
Agent Name : Wendy Bradshaw
Listing Status : Active
Property Sub Type : Retail
Roof : Flat, Rubber
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