947 Euclid Avenue | Shovel-Ready 40-Unit Development | Salt Lake City

Investment Overview

In a market where entitlement timelines can make or break a deal, 947 Euclid Avenue removes the risk entirely. This is a fully approved, shovel-ready site for a 40-unit apartment project — complete architectural plans, engineering, studies, and entitlement work all included in the sale. A developer can step in, reactivate permits, and move straight to construction, skipping the months (or years) of uncertainty most multifamily projects carry from day one. That alone would make this a standout offering. The location makes it exceptional. Sitting inside an Opportunity Zone just minutes from Downtown Salt Lake City, 947 Euclid is positioned at the center of some of the most consequential redevelopment happening in the state right now. The site offers immediate access to I-15, I-80, TRAX, and downtown's employment core — and sits directly in the path of the rapidly emerging west-side redevelopment corridor. Then there's the momentum surrounding it: the site sits near the newly announced Power District and the sports and entertainment district being spearheaded by Ryan Smith and Smith Entertainment Group — two projects poised to redefine the western edge of downtown Salt Lake City and drive housing demand across the surrounding neighborhoods for years to come. Few sites on the market today offer this level of proximity to transformation this significant. The approved plans call for a modern six-story building with 40 units in a thoughtfully balanced mix of one- and two-bedroom floorplans — designed with the clean, efficient layouts and urban connectivity today's renters are actively seeking. For a developer looking to deliver new housing into a supply-constrained market without absorbing entitlement risk, 947 Euclid isn't just a good opportunity — it may be one of the last shovel-ready sites this well-positioned to hit the market in Salt Lake City for some time.

Investment Highlights

• Fully approved, shovel-ready 40-unit apartment development — permits reactivate-ready
• Complete plans, engineering, studies, and entitlements included in the sale
• Located within an Opportunity Zone, minutes from Downtown Salt Lake City
• Directly positioned near the Power District and Ryan Smith / SEG entertainment district
• Rare, ready-to-build opportunity in a supply-constrained multifamily market