5934 S COUGAR LN Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84118
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,430 sqft
Price per Sqft $470
MLS Listing ID 2044866
Style Five-Plex
Bedrooms 10
Year Built 1979
Annual Tax Amount $8,642
Lot Size 1.440 Acres
Property Description
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
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Single-Family, Multi-Family, Commercial
Interior
Heating Forced Air,Gas: Central
Flooring Carpet,Laminate,Linoleum
Inclusions Basketball Standard, Ceiling Fan, Dryer, Microwave, Range, Refrigerator, Storage Shed(s), Swing Set, Washer, Window Coverings
Equipment Basketball Standard,Storage Shed(s),Swing Set,Window Coverings
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Out Buildings,Lighting,Porch: Open,Patio: Open
Utilities Available Natural Gas Connected,Sewer Connected,Sewer: Public,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Flat,Membrane
Building
Lot Description Corner Lot,Curb & Gutter,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain,Private
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Schools
Elementary Schools Beehive
Middle Schools Thomas Jefferson
High Schools Kearns
School District Granite
Others
Acceptable Financing Assumable,Cash,Conventional,Seller Finance
Listing Terms Assumable,Cash,Conventional,Seller Finance