For Sale
$3,200,000

280 Apollo Rd Salt Lake City, UT 84116

Prime 1.92-acre lot, hotel project approved.

Overview

Added:
Jan 15
Days on market:
99
This exceptional 1.92-acre parcel presents a lucrative investment opportunity in Salt Lake City, Utah, ideally situated near Salt Lake City International Airport. Zoned for commercial development, this property boasts pre-approved plans for a Best Western Premier hotel, significantly reducing development hurdles and accelerating the path to profitability. The land is located at 280 Apollo Rd, Salt Lake City, UT 84116. The sale price is $3,200,000. A substantial key money incentive of $500,000 is available from Best Western upon hotel opening, adding significant value to this already compelling investment. This represents a rare chance to capitalize on the high demand for hospitality properties in a prime airport location. The approved hotel project offers a clear vision for development, minimizing risk and maximizing return on investment. The property's proximity to the airport ensures high occupancy rates and strong revenue potential. This is an exceptional opportunity for developers seeking a high-return, low-risk investment in a thriving market. Don't miss this chance to acquire this prime development land near Salt Lake City International Airport.

Highlights

  • 1.92 acres of prime land near Salt Lake City International Airport.
  • $3,200,000 asking price for this exceptional development opportunity.
  • Approved Best Western Premier project includes a $500,000 key money incentive.

Property Details for 280 Apollo Rd

Property type
Hospitality properties, Hotels
Square Feet
83,635 SF
Price / Square Foot
$38.26
Elevators
N/A
Lot Size (sq. ft)
83,635 SF

Location Insight

City
Salt Lake City
County
State
Utah

FAQs

What type of property is this?
Hospitality property - Prime 1.92-acre lot, hotel project approved.
Where is the hospitality property located?
The property is located at 280 Apollo Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 1.92 acres of prime land near Salt Lake City International Airport.; $3,200,000 asking price for this exceptional development opportunity.; Approved Best Western Premier project includes a $500,000 key money incentive.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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280 Apollo Rd
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