$3,969,000
Beds:
10
Sqft:
8,430
Sqft lot:
62,726
Acre lot:
1.44
Just Listed -
Courtesy of Wendy Bradshaw, Platinum Place Realty 801-231-1843
Status:
Active
Property Type:
> 4 Units
Year Built:
1979
Days On Website:
7
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
Features
Property Access
- Accessibility Features: Accessible Doors,Accessible Hallway(s),Ground Level,Single Level Living
Building
- Architectural Style: Five-Plex
- Building Area Total: 8430
- Construction Materials: Brick
- Living Area: 8430
- Living Area Units: Square Feet
- Year Built: 1979
Bathrooms
- Bathrooms Total Integer: 12
Bedrooms
- Bedrooms Total: 10
Location
- City: Salt Lake City
- Country: US
- County Or Parish: Salt Lake
- Cross Street: 4800
- MLS Area Major: Magna; Taylrsvl; WVC; SLC
- Postal City: Salt Lake City
- Postal Code: 84118
- State Or Province: UT
- Street Dir Prefix: S
- Street Name: COUGAR
- Street Number: 5934
- Street Number Numeric: 5934
- Street Suffix: LN
- Unparsed Address: 5934 S COUGAR LN
Property
- Current Use: Residential
- Direction Faces: East
- Parcel Number: 20-13-426-067
- Property Condition: Blt./Standing
- Property Sub Type: > 4 Units
- Property Type: Residential
- Vegetation: Mature Trees,Pines
- View: Mountain(s)
- View YN: t
Schools
- Elementary School: Beehive
- Elementary School District: Granite
- High School: Kearns
- High School District: Granite
- Middle Or Junior School: Thomas Jefferson
- Middle Or Junior School District: Granite
Exterior Features
- Exterior Features: Out Buildings,Lighting,Porch: Open,Patio: Open
- Patio And Porch Features: Porch: Open,Patio: Open
Floors
- Flooring: Carpet,Laminate,Linoleum
Heating
- Heating: Forced Air,Gas: Central
- Heating YN: t
Interior Features
- Interior Features: Den/Office,Disposal,Great Room,Kitchen: Second,Mother-in-Law Apt.,Range/Oven: Free Stdng.,Vaulted Ceilings,Dishwasher: Built-In
Laundry
- Laundry Features: Electric Dryer Hookup
Listing
- Listing Id: 2044866
- Listing Terms: Assumable,Cash,Conventional,Seller Finance
- List Price: 3969000
- Mls Status: Active
- Number Of Units Total: 6
- Standard Status: Active
Lot
- Lot Features: Corner Lot,Curb & Gutter,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain,Private
- Lot Size Acres: 1.44
- Lot Size Area: 1.44
- Lot Size Dimensions: 0.0x0.0x0.0
- Lot Size Square Feet: 62726
- Lot Size Units: Acres
- Topography: Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, Private
Garage
- Open Parking Spaces: 20
- Open Parking YN: t
Parking
- Parking Features: Parking: Uncovered
- Parking Total: 20
Taxes
- Tax Annual Amount: 8642
Utilities
- Utilities: Natural Gas Connected,Sewer Connected,Sewer: Public,Water Connected
Water Features
- Water Source: Culinary
Windows
- Window Features: Full,Shades
Property Map
Map View
$3,969,000 - 5934 S Cougar Ln, Salt Lake City, UT 84118
Street View
Directions
5934 S Cougar Ln
Salt Lake City, UT 84118
City: Salt Lake City