4244 S State St, Millcreek, UT 84107

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List Price
$3,800,000
Status
ACTIVE
MLS#
2196051
Days on Market
0
Year Built
1955
Parcel Number
22-06-103-003
Acres
0.97
County
Salt Lake
Region
Murray; Taylorsvl; Midvale
Subdivision
Tate

Property Description

PRIME MILLCREEK DEVELOPMENT OPPORTUNITY | 115 UNITS + COMMERCIAL (Mixed-Use) Rare opportunity to acquire a high-potential, entitled mixed-use development site in the rapidly growing Millcreek area! Positioned along State Street in Millcreek, this entitled development property is approved for up to 115 residential units with commercial space along the State Street frontage. The site presents an opportunity for affordable housing development or a potential condominium project, subject to applicable approvals and ownership requirements. PRIME LOCATION & ACCESSIBILITY Murray Central TRAX & FrontRunner Station Convenient access to regional public transportation. Intermountain Medical Center (IHC) Near one of Utah's major healthcare campuses and employment centers. Costco on 5300 South Close to major retail, shopping, and everyday conveniences. Interstate 15 Convenient freeway access connecting the entire Salt Lake Valley. State Street Frontage Excellent visibility and accessibility for future commercial tenants. An existing income-producing billboard can remain in place, providing an additional revenue stream without requiring relocation. Significant due diligence has been completed, including a Phase I Environmental Site Assessment with favorable results, geotechnical investigation, ALTA survey, traffic study, and additional supporting development materials. Existing entitlements and completed studies provide a strong foundation for advancing the project. Seeking an apartment or condominium developer ready to acquire the property and move forward. Approvals, reports, and supporting materials are available for qualified buyers to review.

Additional Information

Taxes
$23,860

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Listing courtesy of Spark Realty, LLC.

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