296 Apollo RdSalt Lake City, UT 84116

Property Details for 296 Apollo Rd

Lot size

0.76 AC

Zone code

M-1

Property type

Land

Property subtype

Other industrial land

APN

07-35-428-003

APU

735428003

Description

This exceptional 0.757-acre commercial land parcel presents a unique investment opportunity in Salt Lake City's thriving International Center submarket. Located at 296 N Apollo Rd, Salt Lake City, UT 84116, this single-tenant property boasts convenient access via I-80 exit at 5600 West, situated west of the Salt Lake City International Airport. Its prime location offers unparalleled ease of access, with a mere 10-minute drive to downtown Salt Lake City. The property's strategic positioning within a Qualified Opportunity Zone provides significant tax advantages for investors. The surrounding International Center area is a bustling hub of commercial activity, home to over 250 businesses employing more than 9,000 people. Furthermore, the site benefits from proximity to a substantial concentration of hotel rooms, exceeding 2,331, encompassing a range of upscale to economy options, including prominent brands such as Marriott, Hilton, and Hyatt. The lot size is approximately 0.76 acres, and the property is cross-listed with Little Goggin Drain. This property is ideal for a variety of commercial developments, capitalizing on its high visibility and strategic location within a dynamic and rapidly growing area. The property is designated as Commercial Land with a Single Tenancy.

• Alternative Use

  Use

  Valuation

  Residential

  $10,010,444

  Hospitality

  $9,169,513

  Educational

  $7,628,927

  Medical

  $7,891,298

  Retail

  $11,867,220

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7751

Longitude

-112.027

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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