Address
947 W Euclid Ave, Salt Lake City, UT
Price
$ 1,450,000
Property Attributes
- MLS#2172912
- TypeLand
- Listing Status Active
- CountySALT LAKE
- CitySalt Lake City
- AreaSalt Lake City
- NeighborhoodARCHER & KUL
- Zip84106
- Style
- Taxes$ 12000
- Price$ 1,450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.25 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
An increasingly rare opportunity to acquire a fully entitled multifamily development site in one of Salt Lake City's fastest-transforming urban neighborhoods. 947 Euclid Avenue offers a shovel-ready development opportunity for a 40-unit apartment project with completed architectural plans, engineering, studies, and entitlement work included in the sale. The project was previously approved and is positioned for a developer to reactivate permits and move directly toward construction, dramatically reducing entitlement risk, carrying costs, and time to market. Located within an Opportunity Zone and just minutes from Downtown Salt Lake City, the site sits at the center of unprecedented public and private investment. The property benefits from immediate access to I-15, I-80, TRAX, downtown employment centers, and the rapidly emerging west-side redevelopment corridor. Adding to the long-term investment story, the site is positioned near the newly announced Power District redevelopment and the sports and entertainment district being spearheaded by Ryan Smith and Smith Entertainment Group. These transformative projects are expected to reshape the western edge of downtown Salt Lake City and further accelerate housing demand throughout the surrounding neighborhoods. The approved project consists of a modern six-story apartment building featuring 40 residential units with a thoughtfully designed mix of one- and two-bedroom floorplans. Contemporary architecture, efficient unit layouts, and urban connectivity create an attractive product for today's renter demographic. For developers seeking a project with substantially reduced entitlement risk, completed pre-development work, and immediate proximity to one of Utah's most significant redevelopment initiatives, 947 Euclid represents a compelling opportunity to deliver new multifamily housing in a supply-constrained market.
| Elementary School | Middle School | High School |
|---|---|---|
| None/Other Elementary School | None/Other Middle School | None/Other High School |
| Price History | |
|---|---|
| 7/19/2026 | Listed $1,450,000 |
General Features
| Property Subtype | Commercial |
|---|---|
| Current Use | Commercial |
| County | Salt Lake |
| New Construction | No |
| Property Type | Land |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | ARCHER & KUL |
| Garage Y/N | No |
| Status | Active |
| High School | None/Other |
| City | Salt Lake City |
| Senior Community Y/N | No |
| Zoning Description | TSAUNT |
| MLS Area | Salt Lake City; So. Salt Lake |
| Lot Size Units | Acres |
| Lot Size Square Feet | 10890.0 |
| Carport Y/N | No |
| Elementary School | None/Other |
| Property Attached Y/N | No |
| Tax Annual Amount | 12000.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | None/Other |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| PostalCity | Salt Lake City |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
Exterior Features
| Lot Size Area | 0.25 |
|---|---|
| Spa | No |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.25 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 84106
Price
Taxes
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
