PRIME DOWNTOWN REDEVELOPMENT OPPORTUNITY 70-Unit Multi-Family Site Potential | The Last Great Parcel on 100 South THE VISION: Tear down the old to build the new. This is a rare acquisition opportunity to replace an aging Victorian structure with a high-density, 70-unit residential masterpiece in the heart of Salt Lake City's most desirable corridor. WHY THIS SITE? WHY NOW? Unmatched Demand: Salt Lake City is facing a critical housing shortage. Vacancy rates are at historic lows, and the appetite for downtown living is exploding. Location, Location, Location: Walkable to City Creek, Harmons, and the central business district. Future tenants will pay a premium for this level of access. High-Density Zoning Potential: The site is positioned for maximum vertical growth. Don't buy a renovation project; buy a legacy development site. With 70 potential doors, the cap rate projection for a new build here far outperforms restoring the existing single structure. Salt Lake City is Booming: Get in before the 2034 Olympics buzz drives land prices even higher. This is the blank canvas you have been waiting for.
