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24125828
27108672

455 Fayette Ave S, Salt Lake City, UT 84101

SP
UT UT 6991009-SA00
Legend Commercial
TB
UT 10804091-SA00
Legend Commercial
TP
UT UT 13176942-SA00
Legend Commercial
Listed by Legend Commercial
$10,400,000
370 days on market
Updated 25 days ago

Granary Flats Multifamily Land

Details
APN 15-12-326-005, 15-12-326-004, 15-12-326-003, 15-12-326-002, 15-12-326-001
Property Type Land, Multifamily
Sub Type Apartment Building, Commercial (+1)
Units 330
Buildings 2
Acreage 1.810
Zoning CG
Investment Type Redevelopment

Proposed: 330 Units | Multifamily Land | Downtown Salt Lake City

Marketing description

Granary Flats is a high-density urban multifamily development site in Salt Lake City’s Granary District for Sale or Joint-Venture. It is a vibrant mixed-use corridor complete with breweries, eateries, creative businesses, and mixed-use developments. Its CG (General Commercial) zoning supports multifunctional residential use: residential components alongside retail, office, entertainment, and—by right up to 75 ft, with design review enabling up to 105 ft if in accordance with specific provisions. Salt Lake City’s Granary District Area Plan charts a 2–10 year timeline of multimodal infrastructure improvements: safer intersections, buffer bike lanes, mid-block walkways, upgraded sidewalks, and increased TRAX transit access—including a nearby 900 South station and proposed new stops within the district—crafting an urban environment tailored for high-density living. Real estate trends and city strategies emphasize dense infill near transit to reduce car dependency, enhance air quality, and support population growth and housing supply. The site is positioned to benefit from largescale redevelopment like the new Fleet Block— underscoring its role in the district’s urban evolution Backed by Utah’s pro-growth economic climate—ranked repeatedly among the top five states for business by Forbes since 2010, with low costs, strong workforce availability, & 2034 winter olympics —this site represents an impactful canvas for a dense, transit-oriented multi-family project in the heart of downtown Salt Lake City.

Investment highlights

Granary Flats is a 1.81 acre, high-density, transit-oriented multifamily development site in Salt Lake City’s Granary District, offering up to 75 ft by‑right (with design review enabling 105 ft), situated amid rising infrastructure investment—bike lanes, sidewalks, TRAX expansion—and Utah’s top-tier pro-business environment, making it a strategic canvas for impactful urban housing.

Listing Contacts

SP
UT UT 6991009-SA00
Legend Commercial
TB
UT 10804091-SA00
Legend Commercial
TP
UT UT 13176942-SA00
Legend Commercial
Listed by Legend Commercial

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Zoning

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MU-11 MixedMixed UseMixed Use 11 District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Skyler Peterson SIOR
License
UT 6991009-SA00
Brokerage Phone
8016567354
Name
Tre Bourdeaux
License
10804091-SA00
Name
Tanner Pulsipher
License
UT 13176942-SA00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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