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500-435 South Fayette Avenue
Salt Lake City, UT 84101 Central Salt Lake City

$10,400,000 USD

Land For Sale  •  1.81 AC

Property Details

  • Property Type Land
  • Lot Size 1.81 AC
  • Zoning CG
58 Transit Score
56 Walk Score

Description

Granary Flats is a high-density urban multifamily development site available for sale or joint venture in Salt Lake City’s Granary District, a vibrant mixed-use corridor complete with breweries, eateries, creative businesses, and mixed-use developments. Its CG (General Commercial) zoning supports multifunctional residential use: residential components alongside retail, office, entertainment, and—by right up to 75 ft, with design review enabling up to 105 ft if in accordance with specific provisions. Salt Lake City’s Granary District Area Plan charts a 2–10 year timeline of multimodal infrastructure improvements: safer intersections, buffer bike lanes, mid-block walkways, upgraded sidewalks, and increased TRAX transit access—including nearby 900 South station and proposed new stops within the district—crafting an urban environment tailored for high-density living. Real estate trends and city strategies emphasize dense infill near transit to reduce car dependency, enhance air quality, and support population growth and housing supply. The site is positioned to benefit from largescale redevelopment like the new Fleet Block— underscoring its role in the district’s urban evolution Backed by Utah’s pro growth economic climate—ranked repeatedly among the top five states for business by Forbes since 2010, with low costs, strong workforce availability, & 2034 winter olympics —this site represents an impactful canvas for a dense, transit-oriented multi-family project in the heart of downtown Salt Lake City.

Highlights

Available For Sale or Joint Venture
Sale Price: $10,400,000
Seller's Proposed Concept: 330 Apt Units (83 Studio Units, 165 One-Bedroom Units, 82 Two Bedroom Units)
Total Acreage: 1.81 Acres
Zoning: CG (General Commercial)
Walk Score: 55-Walk Score | 57-Transit Score | 80-Bike Score

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
7 min - 1.9 mi
10 min - 3.6 mi
Transit/SubwayDriveWalkDistance
900 South (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX Salt Lake/Sandy Line - Utah Transit Authority (UTA)) 2 min 10 min 0.5 mi
Ballpark (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX Salt Lake/Sandy Line - Utah Transit Authority (UTA)) 4 min 16 min 0.8 mi
AirportDriveWalkDistance
Salt Lake City International 12 min - 6.7 mi
Skyler Peterson 801-656-7354 Legend Commercial
Skyler Peterson 801-656-7354 Legend Commercial