$4,500,000

About this home

Rare Salt Lake City urban infill development opportunity at 372 E 100 S. This 0.46 acre property is ideally located less than one mile from Downtown Salt Lake City and approximately 1.5 miles from the University of Utah, placing it in a highly strategic location for residential, student housing, hospitality, office, retail, or mixed-use development. The property is zoned MU-8 with an 85 foot height allowance and is located within the Urban Center parking context, providing the foundation for a significant high density urban project. The development potential is exceptionally flexible. A conceptual student housing program could provide approximately 400 beds in 200 double occupancy units, making the property particularly compelling given its proximity to the University of Utah. Alternatively, the site can be envisioned as an approximately 120 unit apartment development, a hotel or extended stay hospitality project, office or medical space, retail, or virtually any combination of these uses. Potential mixed use concepts could incorporate residential or student housing above ground floor retail, office, hospitality, or other commercial uses, allowing a developer to tailor the project to market demand and investment strategy. The property currently contains a stunning well maintained 13,300 square foot main building, including an apartment on the top level, plus a separate approximately 2,500 square foot building, both constructed in 1937, providing an additional opportunity for adaptive reuse. The existing structure could potentially be repositioned for office, medical, professional services, event space, hospitality, boutique commercial, or other specialty uses, offering an alternative to complete redevelopment. The property's location, MU-8 zoning, 85 foot height allowance, Urban Center parking context, and proximity to both the University of Utah and Downtown Salt Lake City create a compelling opportunity for developers, investors, and owner users. With multiple potential development programs ranging from approximately 400 bed student housing to 120 unit multifamily, hotel, office, retail, or a combination of uses, 372 E 100 S offers the flexibility to pursue a wide range of strategies in one of Salt Lake City's most desirable urban infill locations. DO NOT DISTURB - TENANT UNAWARE OF SALE. All showings and property inquiries must be coordinated through the listing representative. Buyer to independently verify all measurements, zoning, permitted uses, development standards, and other property information.