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20298102

1150 W 1220 S, Tooele, UT 84074

JS
UT UT 8569408-SA00
Newmark Mountain West
AM
UT UT 6797474-SA00
Newmark Mountain West
RG
UT 14218813-SA00, OH SAL.2024005411
Newmark Mountain West
Listed by Newmark Mountain West
Unpriced
607 days on market
Updated 48 days ago

Tooele Land - Tooele Rail Industrial Park Development

Details
APN 02-010-0-0050, 02-018-0-0008, 02-018-0-0003, 02-018-0006
Property Type Land, Mixed Use
Sub Type Commercial, Industrial
Acreage 93.700

Land | 93.7 acres

Marketing description

Prime 93.7-acre industrial development site within the Tooele Rail Industrial Park, featuring 4 parcels. Zoned for mixed-use: commercial/office (up to 35’ height) on the east and heavy industrial (up to 70’ height) on the west. Potential for co-development with the City of Tooele. Adjacent to Union Pacific rail line, with direct access to I-80 via State Route 36, connecting to downtown Salt Lake City. Located in the thriving Tooele County industrial submarket.

Investment highlights

The property spans approximately 93.70 acres, divided into four parcels, with potential Union Pacific rail access. It is part of a larger 324-acre development known as the Tooele Rail Industrial Park, which was rezoned in June 2023 to the Tooele City Business Park (TCBP) district (this property makes up nearly 30% of the total project). Under this zoning, the eastern portion allows for commercial and office uses with a maximum building height of 35 feet, while the western side, closer to the rail line, permits heavy industrial uses up to 70 feet. Buyers may also partner with the City of Tooele for co-development.

• Property makes up nearly 30% of total Tooele Rail Industrial Park project

CO-DEVELOPMENT Opportunity with the city of Tooele

SUBMARKET: Situated in the Tooele County industrial zone

AFFORDABLE RENTS: $5.70 per square foot, offering a 49% discount compared to the overall market.

GROWTH POTENTIAL: Benefits from the booming Salt Lake City economy, including tech firms, suburban expansion, and major employers. The metro area is expected to add over 106,000 people through 2027, resulting in the formation of roughly 37,000 households. Median incomes above the national average allow 63 percent of households to afford owning a home. Roughly 34% of people ages 25 and older hold a bachelor’s degree or higher, and of those residents, 12% have also obtained a graduate or professional degree.

Listing Contacts

JS
UT UT 8569408-SA00
Newmark Mountain West
AM
UT UT 6797474-SA00
Newmark Mountain West
RG
UT 14218813-SA00, OH SAL.2024005411
Newmark Mountain West
Listed by Newmark Mountain West

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Additional Information

Name
Jeffery Sorenson
License
UT 8569408-SA00
Brokerage
Newmark Mountain West
Brokerage Phone
801.456.8800
Name
Andy Moffitt
License
UT 6797474-SA00
Brokerage Phone
801-456-8800
Name
Ryan Guggenheim
License
14218813-SA00
Brokerage
Newmark Mountain West
Brokerage Phone
(801) 456.8800
Title
Rea Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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