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Listing Courtesy Of: Platinum Place Realty, Wendy Bradshaw

Local Realty Services Provided By: KW South Valley Keller Williams

Overview

What It'll Cost

Neighborhood

$3,800,000

5934 S COUGAR LN, Salt Lake City, UT 84118

10 Beds

12 Baths

sq ft

$3,800,000

5934 S COUGAR LN, Salt Lake City, UT 84118

Estimation provided by Keller Williams Realty Inc.

10 Beds

12 Baths

sq ft

Active

For Sale

Property Description

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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

Property Details

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Overview

Property Type

> 4 Units

Property Size

sq ft

Year Built

1979

Days on Site

137 Days

HVAC

Forced Air, Gas: Central

Parking

20 Parking Spaces

Danielle Lonardo at Keller Williams Utah Realtors

Danielle Lonardo

Keller Williams Utah Realtors

10987957-SA00

(801) 574-8523

(801) 858-3100

danielle@mountainstatehomes.com

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Purchase Price: $3,800,000

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Price & Tax History

Date

Event

Price

03/09/2025

Price Decrease

$3,800,000

(-4.26%)

11/14/2024

Listed

$3,969,000

No Tax History Data

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The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.