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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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127 W Albermarle Ave , Salt Lake City, UT 84115
$900,000
Est. Payment: $4,408.84/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 182
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

96 Unit Micro Apartment Development site in the HEART of the Ballpark District. Located right next to Smith's Ballpark. CIty recently rezoned to MU-8 which will allow for buildings up to 8 stories high. Additional stories may be allowed on top of that if certain incentives are met. Our current configuration is 4 story, 96 unit, wood framed building slab on grade. This is an awesome opportunity to jump in and be apart of the remaking of the Ballpark district. Previous buyer had an architect put together a site plan, elevations, and unit configuration. They also received Fire Marshall approval on this project which is the biggest hurdle to get over. They were selling a business which fell through and so they couldn't close which is why we are back on the market. There is movement on parcels all around this lot. Tradition Pointe Apartments just finished up. Right next to this parcel Abstract Development is building a beautiful Mixed Use Multi Family building. The lot across the street sold this month to a developer. Other big names like Colmena Group owns large portions of land in this area. The city has a robust plan to revitalize this area in the not so distant future. Central 9th went through this same process a few years back and now property values have skyrocketed in the area and it is a hustling and bustling place. Feel free to give me a call if you are interested in the property and I can give you the full scoop on the area, neighboring parcels, etc. to save you a lot of time and effort. Building on property was razed and so you have a flat empty lot to work with. Would possibly be open to short term seller finance or JV with the right developer. Owner Agent.
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Highlights

Listed by Austin Spencer , Equity Real Estate (Premier Elite) , Wasatch Front Multiple Listing Service

Property Type

Vacant Land
Lot/Acreage
0.14

County

Salt Lake

Area

Salt Lake City; So. Salt Lake

 School District

Salt Lake

Listing ID

2128347

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot:Fenced: Full,Terrain: Flat
Lot Dimensions:125.0x50.0x50.0
Garage Capacity:0
Zoning:MU-8
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$4,409
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$275

Home Price

$900,000

Home Price

Loan Details

30 yrs
6.198%

Interest Rate

Loan Type

Down Payment

20%
$180,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,408.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,408.84 $274.50 $0.00 $4,683.34
Yearly $52,906.11 $3,294.00 $0.00 $56,200.11
Total $1,587,183.21 $98,820.00 $0.00 $1,686,003.21
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. 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.

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Data last updated: 2026-06-30T11:05:36.000Z

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