Property Description

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

Features
: Forced Air, Gas: Central
: Porch: Open, Patio: Open
: Parking: Uncovered
: Five-Plex
: Porch: Open, Patio: Open, Lighting, Out Buildings
: Carpet, Laminate, Linoleum
: Disposal, Range/Oven: Free Stdng., Den/Office, Great Room, Kitchen: Second, Mother-in-Law Apt., Vaulted Ceilings, Dishwasher: Built-In
: Electric Dryer Hookup
: Sewer: Connected, Sewer: Public
: Natural Gas Connected, Sewer Connected, Sewer: Public, Water Connected
: Shades, Full
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
Single-Family, Multi-Family, Commercial
Neighborhood
Beehive
Granite
Kearns
Granite
Granite
Thomas Jefferson
Additional Information
0.0x0.0x0.0
: Culinary
2024-11-14
6
: Single Level Living, Accessible Doors, Ground Level, Accessible Hallway(s)
: Corner Lot, Road: Paved, Sidewalks, View: Mountain, Curb & Gutter, Sprinkler: Auto-Full, Private
: Residential
: Brick
8430
Financial
8642.0
Listing Information
Cherie Orellana
75186
70796
Platinum Place Realty
86676
70796
Assumable,Cash,Conventional,Seller Finance
Active
2025-03-12T16:36:49Z
WFRMLS

Residential For Sale

5934 S Cougar Ln, Salt Lake City, Utah 84118

10 Bedrooms
12 Bathrooms
8,430
$3,800,000
Listing ID #2044866
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2044866
Price : $3,800,000
View : Mountain(s)
Bedrooms : 10
Bathrooms : 12
Square Footage : 8,430
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 : > 4 Units
Roof : Flat, Membrane
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