5934 S Cougar Ln #5934 Salt Lake City UT 84118 | $3,800,000

$Bird\'s eye view with a mountain view$
$Bird\'s eye view with a mountain view$
$Bird\'s eye view featuring a mountain view$
$Bird\'s eye view with a mountain view$

Property Facts

Days on URE 468

Status ACTIVE

MLS# 2047409

Property Type Retail; Hotel/Motel; Office

Year Built 1979

JUST LISTED! The Salt Lake City, Utah Winter Olympics 2034 coming, this rare 1.44 Acre property next to the Olympic Oval Venue & the ✈️South Valley Regional Airport, is a Prime Development Opportunity for potential Mixed Use, Commercial, Hotel, Multifamily, STR, Athlete Training, etc! ✅Income 💰Producing Rental Income while you develop the property! Property was previously rented for $11,500 per month, but is currently undergoing some improvements. ✅*Currently Zoned Multi Family Dwelling (2-4 Unit)Building. 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. ✅*There are Drawings and talk with the city and Kearns City Council of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). ✅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. ✅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. #investmentproperty #developers #saltlakecity2023 #Olympics #investors #realestateinvesting #olympicoval #utaholympicpark #utaholympicoval

Misc. Overview

Sub-Lease
No

Quadrant
SW

Construction Status
Blt./Standing

Business For Sale
No

Business Only, No Real Estate
No

Property Features

Office Features

Other Features

Accessibility: Ground Level; Single Level
Air Conditioning: Central Air; Electric; Full
Const. / Cond.: Brick; Vinyl Siding
Water: Culinary Available
Visibility: Freeway Traffic; Road Traffic; Traffic Count Available; Walk-In Traffic
Floors: Carpet; Tile; Vinyl (LVP)
Exterior: Out Buildings; Paved Parking; Play Ground; Security Lighting
Heating: Forced Air; Gas: Natural
Inclusions: Fixtures; Furniture; Real Estate
Interior: Dishwasher; Fireplace; Kitchen; Laundry: Individual; Range/Oven; Refrigerator; Restroom: Private; Smart Thermostat(s)
Roads: Bus Service; Common Drive; Concrete; Curb& Gutter; More Than 1 Access; Road: Paved; Sidewalk
Sewer: Connected
Land Condition: Corner Lot; Curb & Gutter; Landscaping: Full; Mature Trees; Paved; Sprinkler: Auto-Full; Terrain: Flat; Trees; View: Mountain
Roof: Flat; Rubber (EPDM)
Site: Owner Occupied; Tenant Occupied
Zoning: Single-Family; Multi-Family; Commercial
Terms: Cash; Conventional; Exchange; Seller Finance First
Utilities: Gas: Natural; Paid By Landlord
Windows: Blinds; Draperies; Full; Shades

Parking

Property Size

Schools

Designated Schools

Elementary School

Middle School

High School

School District

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
2	Thomas Jefferson Jr High School Public Middle School	6-8	1.05 mi
2	Kearns High School Public High School	9-12	0.47 mi
5	Entheos Academy Charter Elementary, Middle School	K-9	0.25 mi
2	Beehive School Public Preschool, Elementary	PK	0.54 mi
2	South Kearns School Public Preschool, Elementary	PK	0.66 mi
5	Western Hills School Public Preschool, Elementary	PK	0.93 mi
4	Jim Bridger School Public Preschool, Elementary	PK	0.94 mi
NR	Saint Francis Xavier Catholic School Private Preschool, Elementary, Middle School	PK	0.94 mi
NR	Oquirrh Hills School Public Preschool, Elementary	PK	1.09 mi
5	Navigator Pointe Academy Charter Elementary, Middle School	K-9	1.19 mi
2	Kearns Jr High School Public Middle School	6-8	1.30 mi
4	Fox Hills School Public Elementary	K-6	1.31 mi
3	West Kearns School Public Preschool, Elementary	PK	1.34 mi
4	Thomas W Bacchus School Public Elementary	K-6	1.41 mi
5	David Gourley School Public Preschool, Elementary	PK	1.49 mi

School data provided by GreatSchools.

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Contact Agent

Wendy Bradshaw

801-231-6696

Listing Broker

Platinum Place Realty

West Jordan, UT 84081
801-231-1843