Description
This is a fully entitled, .60 acres of land, with approvals and plans for 113 unit apartment building. Five floors over podium design. Demo of existing building is completed. All engineering, soils, architectural, structural, TSO points, etc. are completed and plans have been submitted to the building department for permits. This land is located directly west of the proposed Miller MLB Baseball field, as well as a large commercial master planned development on this Rocky Mountain Power site. Land includes a 25' x 250' "Right of Way" onto the Rocky Mtn Power property. This project has taken over two years to design and obtain approvals from Salt Lake City. Updated, Jeff Neese Market Study is available. Please see attachments to listing or contact owner for complete packet, TRAX stop to new $6B airport and downtown is front of building. 42 parking stalls, gym, office center w/retail on main floor. Updated Western States Multifamily market study as of March 3, 2023 is available to review. Gross Income is projected at $2,266,038 annually. Seller is currently obtaining new bids for construction with costs continuing to decline. Hard construction costs are believed to be close to $225 per sq ft bringing Wolf Station Close to $20M to $21M. includes all entitlements, plans, engineering, etc. Project is shovel ready.
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0BEDS
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0.57ACRES
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01/2 BATHS
School Information
Description
This is a fully entitled, .60 acres of land, with approvals and plans for 113 unit apartment building. Five floors over podium design. Demo of existing building is completed. All engineering, soils, architectural, structural, TSO points, etc. are completed and plans have been submitted to the building department for permits. This land is located directly west of the proposed Miller MLB Baseball field, as well as a large commercial master planned development on this Rocky Mountain Power site. Land includes a 25' x 250' "Right of Way" onto the Rocky Mtn Power property. This project has taken over two years to design and obtain approvals from Salt Lake City. Updated, Jeff Neese Market Study is available. Please see attachments to listing or contact owner for complete packet, TRAX stop to new $6B airport and downtown is front of building. 42 parking stalls, gym, office center w/retail on main floor. Updated Western States Multifamily market study as of March 3, 2023 is available to review. Gross Income is projected at $2,266,038 annually. Seller is currently obtaining new bids for construction with costs continuing to decline. Hard construction costs are believed to be close to $225 per sq ft bringing Wolf Station Close to $20M to $21M. includes all entitlements, plans, engineering, etc. Project is shovel ready.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-05-29T06:38:45.593. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.