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947 W Euclid Ave

Salt Lake City, UT 84106
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Acres0.25

Acre(Lot)

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 emp loyment 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.

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Detail Ic Property Details

Property Type : Land

Price : $1,450,000

AD Id : 88185215

MLS Id : 2172912

Lot Size : 0.25 Acre(Lot)

County : Salt Lake

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Feature Features

  • Heating & Cooling

    Heating: None Cooling: None

  • Lot Information

    Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 0.25 Acres Lot Size Acres: 0.25 Lot Size Square Feet: 10890

    Property Information

    Subdivision: ARCHER & KUL Source Property Type: Land Zoning Description: TSAUNT Property SubType: Unimproved Land

  • Listing Price Information

    Listing Price: $1450000

  • Tax Information

    Parcel Number: 15-02-251-033 Annual Tax: $12000

  • School Information

    Elementary School: None/Other
    Junior High School: None/Other
    Senior High School: None/Other
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
938 E Hudson Avenue, Salt Lake City, UT, 84106 $438,000 -- -- -- 0.01 Acre(Lot)
938 E Hudson Ave #23, Salt Lake City, UT, 84106 $438,000 -- -- -- 0.25 Acre(Lot)

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 07/22/2026 @ 16:23. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 07/22/2026 @ 16:23

MLS: 2172912 LISTED BY: Shad Selmos, KW Utah Realtors Keller Williams (Brickyard) 801-326-8800 SOURCE: UtahRealEstate (Wasatch Front)

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