762 12300Draper, UT 84020

Property Details for 762 12300

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.75 AC

Property size (Sq ft)

12,390 SF

Zone code

C-R

Property type

Retail properties

Property subtype

Retail space

APN

28-29-309-012

APU

2829309012

Description

This exceptional 1.95-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Draper, Utah. Located at 762 W 12300 S, 84020, this property boasts convenient access to Interstate 15, ensuring seamless connectivity for businesses and employees. The high frontage road provides excellent visibility and accessibility, making it ideal for a wide range of commercial developments. The property is zoned C01, offering flexibility for various commercial uses. The asking price is $3,000,000. This prime location in Salt Lake County, Utah, offers significant potential for growth and return on investment. The expansive lot size provides ample space for substantial development projects, catering to businesses seeking a prominent presence in a rapidly developing area. Its strategic location near I-15 ensures easy access to major transportation routes, connecting businesses to a wider market. The high visibility afforded by the frontage road is a key advantage, attracting potential customers and enhancing brand recognition. This is a rare opportunity to acquire a significant commercial land parcel in a highly desirable location, offering substantial potential for future development and profitability. Don't miss this chance to secure a piece of Draper's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $4,811,668

  6.5%

  $4,441,539

  7%

  $4,124,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,255,488

  Geo Method

  $6,255,488

• Alternative Use

  Use

  Valuation

  Residential

  $3,746,604

  Hospitality

  $3,431,870

  Educational

  $2,855,275

  Medical

  $2,953,472

  Retail

  $4,441,539

Location Insight

City

Draper

County

Salt Lake

State

Utah

Latitude

40.5263

Longitude

-111.87

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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