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.
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