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7444 S State St
Midvale, UT 84047

$1,500,000 USD

Land For Sale  •  1.66 AC

Property Details

  • Property Type Land
  • Lot Size 1.66 AC
  • Zoning sf1
50 Transit Score
64 Walk Score

Description

DEVELOPEMENT OPPORTUNITY! CURRENTLY ZONED SF1, CITY WILL REZONE TO RMF WITH CERTAIN STIPULATIONS, PLEASE CONTACT AGENT TO ASK. SALE INCLUDES A STOREFRONT BUSIENSS AND A SINGLE FAMILY HOME ON THE BACK PARCEL SELLER FINANCE AVAILABLE, TERMS ARE 500K DOWN, 3 YEAR BALLOON AT 5% RATE. FOR SALE, 4 CONNECTING PARCELS ID: 21254270090000, 21254270360000, 21254270470000, 22303010120000 TOTALING 1.66 ACRES. A

ACHITECH WORK DONE FOR 1.66 ACRES FOR 23 TOWN HOMES. ADDITIONAL 1 ACRE CAN BE AQUIRED BY BUYER IN SEPERATE SALE FROM PRIVATE HOME OWNERS. MIDVALE CITY WILL REZONE FROM SF1 TO RMF IF ALL 3 NEIGHBORS AGREE TO THE REZONE. NEIGHBORS WANT TO SELL POSSIBLY, TOTALLING TOTAL ACREAGE TO 2.66. LISTING AGENT IS IN CONTACT WITH ALL 3 PROPERTY OWNERS. THERE IS AN EASEMENT ON ONE OF THE PARCELS CONNECTING 7500S, ARCHITECH WORK WAS PERFORMED ASSUMING THE END BUYER WILL ELIMINATE THE EASEMENT. SELLER FINANCE AVAILABLE, TERMS ARE 500K DOWN, 3 YEAR BALLOON AT 5% RATE.

Highlights

Conveniently located right on state street
Potential to increase 1.66 acres with connecting parcels
Potential to rezone SF1 (duplexes) to RMF (townhouses)

Public Transportation

Commuter RailDriveWalkDistance
South Jordan Station (FrontRunner - Utah Transit Authority (UTA)) 9 min - 5.0 mi
Draper Station (FrontRunner - Utah Transit Authority (UTA)) 14 min - 8.4 mi
Transit/SubwayDriveWalkDistance
Midvale Center (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX Salt Lake/Sandy Line - Utah Transit Authority (UTA)) 1 min 12 min 0.6 mi
Midvale Fort Union (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX Salt Lake/Sandy Line - Utah Transit Authority (UTA)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Salt Lake City International 21 min - 16.2 mi
Provo Municipal 47 min - 35.7 mi
Andrew Ho 801-979-8877 Unity Group Real Estate
Andrew Ho 801-979-8877 Unity Group Real Estate