Description

356 W. 1700 South presents a compelling opportunity for an investor or owner-occupier seeking both immediate income potential and long-term land banking value in Salt Lake City. Zoned MU-11 Mixed Use, the property allows for single-family residential occupancy today while also supporting future high-density residential or mixed-use redevelopment opportunities. The offering is ideally suited to be acquired together with the adjacent property at 348 W. 1700 South, creating a combined development assemblage totaling approximately 0.24 acres with 50 feet of frontage. The existing single-family residence features 2 bedrooms and 2 bathrooms with distinctive character details including hardwood floors and knotty pine cabinetry. The main level includes one bedroom and a den, while a rear addition provides a spacious family room, large bedroom, and ensuite three-quarter bath. Additional improvements include newer HVAC systems, a newer roof installed approximately 8–10 years ago, a fully fenced backyard, off-street parking via a west-side driveway, and an extra-deep one-car garage. The property also benefits from rear access via Hansen Avenue, a quiet dead-end street with additional guest parking availability. Most recently leased for approximately $2,200 per month, the home provides immediate rental income while preserving future redevelopment flexibility. Conveniently located within a growing urban corridor of Salt Lake City, the property represents an attractive opportunity for buyers seeking a strategic mixed-use investment with both current cash flow and long-term development upside.