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225 W Orchard Pl
Salt Lake City, UT 84101

Land For Sale · 0.14 AC

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Executive Summary

Zoned D-2:
• 65’, as right, and
• Up to 120’ with design review process
• Salt Lake just approved a new Affordable Housing Incentive allow developers the opportunity to achieve increased density and additional height allowance with a reduced parking requirement in exchange for including a percentage of affordable housing units within the development

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Redevelopment Project	Proposed Use	Retail Office Mixed Use Multifamily Hotel
No. Lots	1	Total Lot Size	0.14 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Office Mixed Use Multifamily Hotel
Total Lot Size	0.14 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$1,802,000 CAD	Lot Size	0.14 AC
Price Per AC	$12,871,428 CAD

Price	$1,802,000 CAD
Price Per AC	$12,871,428 CAD
Lot Size	0.14 AC

CBRE is pleased to present this versitile 0.14 acre parcel, which can be purchased individually, or combined with a larger 0.52 parcel, for an opportunity to develop a 0.66 acre parcel.

Description

Existing home perfect for multi-family redevelopment. Contact brokers for more information.

zoning

Zoning Code	D-2 (The D-2 zone allows for a wide variety of uses that support the commercial district and fosters the development of a sustainable urban neighbhood.)
D-2 (The D-2 zone allows for a wide variety of uses that support the commercial district and fosters the development of a sustainable urban neighbhood.)

Listing ID: 30791895
Date on Market: 2024-01-26
Last Updated:
Address: 225 W Orchard Pl, Salt Lake City, UT 84101

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