Gale Street Properties

300 W. 500 S., Salt Lake City, UT 84101

$22,270,000

8.53 AC | Land


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Kip Paul

8013035555


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Land Property For Sale

Property Type: Land Price: $22,270,000
Building Size: 371,567 SF Max Contiguous: 371,567 SF
Lot Size: 8.53 AC

Lot 1

Space Available 371,567 SF
Available Sale Type Exclusive
Available Sale Price $22,270,000.00
Available Sale Price Per Sqft $59.94
Lot Size 8.53 AC
Space Type Land
Max Contiguous 371,567 SF
Property Use Type Commercial

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Description

This land parcel offering provides a Developer/Investor the Opportunity to acquire 8.53 acres in the block bordered by 500 and 600 South, which are the major freeway on and off ramp boulevards to downtown Salt Lake City (they are also known as the Grand Boulevards, one of the six Downtown Rising Character Districts), and 300 and 400 West. The block was historically occupied by the Newspaper Agency Corporation for 30 plus years and is now occupied by 11 tenants, all on short term leases. 600 and 500 south have average daily traffic counts of 41,000 and 31,000 respectively. The ability to acquire almost an entire block in the downtown area is unprecedented.

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