1535 Sunnyside AveSalt Lake City, UT 84105

Property Details for 1535 Sunnyside Ave

Year built

1951

Lot size

1.33 AC

Zone code

I

Property type

Land

Property subtype

Commercial land

APN

16-09-126-010

APU

1609126010

Description

This exceptional 1.32-acre land parcel, located at 1535 E Sunnyside Ave, Salt Lake City, UT 84105, presents a unique investment opportunity. Situated in Salt Lake County, this property boasts a highly desirable location just one block from the University of Utah's South Campus and within close proximity to the George E. Wahlen Department of Veterans Affairs Medical Center. The "I" - Institutional zoning allows for a building height of 35 feet as of right, with potential for approval up to 75 feet through a design review process. The lot, measuring approximately 225' x 257.77', offers significant development potential. The property's strategic location on Salt Lake City's affluent East Bench, surrounded by the University of Utah, Research Park, and a high-end residential neighborhood, ensures strong demand and future appreciation. With an asking price of $7,000,000, this represents a compelling investment in a thriving area. The high daily traffic counts on nearby Sunnyside Avenue and Foothill Drive further enhance the property's commercial viability. Convenient access to the University of Utah campus, hospital, Huntsman Cancer Center, Research Park, and the VA Medical Center via walking or TRAX light rail adds to its appeal. Parcel number 16-09-126-010, Legal Lot 1A, The Armory 4 Lot Minor Sub.

• Alternative Use

  Use

  Valuation

  Residential

  $17,518,208

  Hospitality

  $16,046,584

  Educational

  $13,350,570

  Medical

  $13,809,716

  Retail

  $20,767,552

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7513

Longitude

-111.847

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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