Active

5934 S COUGAR LN

Salt Lake City UT, 84118

$3,969,000


$470.82 per sqft

Active

10 Beds

12 Baths

8,430 sqft

Residential

Built in 1979

Potential to Earn Rental Income (previously renting for $11,500 per month) while Developing this large parcel, especially with the Salt Lake City, Utah Winter Olympics 2034 coming, this is a Prime Development Opportunity Potential- Hotel, Short Term, Mixed Use? On a Spacious 1.44-acre lot close to the *Utah Olympic Oval Venue, *South Valley Regional Airport, *Kearns High School, and *Kearns Park & Recreation Center, with easy access to major freeways and highways. *With flexible zoning options and city interest in rezoning, and several plans already drawn up, this property is ideal for a MIXED-USE PROJECT, potentially incorporating Commercial Retail Spaces with Residential Units above, or a full Multi-Family Residential Development. *Drawings and talk with the city of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). *The city is open to all kinds of Zoning and Businesses, and the Kearns City Council has expressed enthusiasm for various project concepts, including owner-occupied Multi-family housing. *This flat, expansive lot currently includes two existing buildings at 5934 S & 5930 S, each approximately 4,215 square feet, totaling around 8,430 square feet. *Also includes two large storage buildings with basements. *Previously used as youth housing and residential treatment facilities, the property's strategic location and zoning flexibility make it perfect for new development, the Olympics, or continued use as housing, including options for temporary housing for athletes training nearby. *Don't miss this rare chance to bring a high-impact project to an area eager for growth. *Further details on city discussions and potential approved plans are available upon request.Owner agent

2044866

MLS ID

November 14, 2024

Listed

November 22, 2024

Updated

Map

5934 S COUGAR LN
Salt Lake City UT, 84118

Interior Features

Total Stories

0


Bedrooms

10


Total Bathrooms

12


Interior Features

Den/Office, Disposal, Great Room, Kitchen: Second, Mother-in-Law Apt, Range/Oven: Free Stdng, Vaulted Ceilings, Dishwasher: Built-In


Laundry Description

Electric Dryer Hookup


Floor Description

Carpet, Laminate, Linoleum


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Gas: Central

Exterior/Building Features

Lot Size

1.44 Acres


Exterior Features

Out Buildings, Lighting, Porch: Open, Patio: Open


Lot Features

Corner Lot, Curb Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, Private


Architectual Style

Five-Plex


Roof

Flat, Membrane


Sewer

Sewer: Connected, Sewer: Public

School Information

School District

Granite


High School

Kearns


Elementary School

Beehive

Other Property Details

Area Name

Magna; Taylrsvl; WVC; SLC


Taxes

$8,642


Tax Frequency

Annually


Days on Market

4


Garage

No


Parking

Parking: Uncovered


Parking Total

20


View

Yes


View Description

Mountain(s)


County

Salt Lake


Water Source

Culinary


Pool

No


Zoning

Single-Family, Multi-Family, Commercial

Courtesy of Platinum Place Realty

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:27 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor James Roth shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Wasatch Front Regional MLS, Inc. All rights reserved.

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