2420 E 3300 S Development Site

Investment Overview

Rare opportunity at 2420 E 3300 S presents a classic bungalow on a sizable land parcel tailored for land developers. The 837-square-foot 1941 residence anchors the site while remaining rented, providing short-term income during planning. Existing R-4-8.5 zoning, currently expired yet grandfathered, establishes a foundation for redevelopment; the site can also be rezoned to RM for elevated density potential, up to 8 units, but 6 or 7 would fit best.

Investment Highlights

• Classic 1941 bungalow occupying a desirable Salt Lake City lot
• Land offering ideal for redevelopment or strategic hold
• Current structure spans 837 square feet
• Property is tenant-occupied for income continuity
• Existing R-4-8.5 zoning grandfathered in despite expiration
• Potential to rezone to RM for denser development
• Developer special with limited competing inventory
• Residential surroundings support multifamily or townhome options
• Solid entry point for value-add infill strategy
• Opportunity for tailored architectural vision
• Access to existing utilities simplifies future planning
• Permitting flexibility enhances development timeline
• Captures demand for housing expansion in central corridor