2023 Redwood RdSaratoga Springs, UT 84045

Property Details for 2023 Redwood Rd

Year built

2018

Lot size

2.90 AC

Property size (Sq ft)

5,661 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

66-621-0001

APU

666210001

Description

This exceptional 150-acre commercial land parcel presents a significant investment opportunity in the thriving Saratoga Springs, Utah market. Located at 2023 S Redwood Rd, 84045, this expansive site boasts a total of 8,276,400 square feet and is priced at $22,554,729, translating to a land value of $3.45 per square foot. The property's strategic location within Utah County offers unparalleled access to major transportation arteries, ensuring seamless connectivity for future development projects. Its substantial size allows for a wide range of commercial uses, from large-scale retail centers and industrial parks to mixed-use developments catering to the area's growing population. The property's zoning and potential uses should be verified independently with the relevant authorities. This is a rare chance to acquire a substantial land holding in a high-growth area, offering significant potential for long-term appreciation and substantial returns on investment. Detailed site plans and surveys are available upon request. The property is situated in Saratoga Springs, Utah, a rapidly expanding city with a strong economy and a vibrant community. This presents a unique opportunity for developers seeking to capitalize on the region's robust growth trajectory. The property's size and location make it ideal for a variety of commercial ventures, promising a lucrative investment for the discerning buyer. All interested parties are encouraged to conduct their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $2,209,703

  6.5%

  $2,039,726

  7%

  $1,894,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,858,137

  Geo Method

  $2,858,137

• Alternative Use

  Use

  Valuation

  Residential

  $1,720,585

  Hospitality

  $1,576,047

  Educational

  $1,311,252

  Medical

  $1,356,348

  Retail

  $2,039,726

Location Insight

City

Saratoga Springs

County

Utah

State

Utah

Latitude

40.3251

Longitude

-111.906

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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