USAUTSalt Lake CityArcher & Kul947 W Euclid Ave

New

$1,450,000

For Sale

2 days ago

947 W Euclid Ave, Salt Lake City, UT

Name: 947 W Euclid Ave, For Sale in Salt Lake City - eXp Realty
Brand: KW Utah Realtors Keller Williams (Brickyard)
SKU: 2172912
Price: 1450000 USD

House

MLS® 2172912

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Land

Size -

Garage

Taxes $12,000

Days Active 2

Lot Size 0.25 Acres

Approx. Age

MLS® Number 2172912

Property Address: 947 W Euclid Ave, Salt Lake City, UT, 84104-1128

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number2172912

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 19, 2026List Date

$1,450,000List Price

Commute

Commute

Starting Address

Destination Address

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