Potential to Earn Rental Income (previously renting for $11,500 per month) while Developing this large parcel, especially with the Salt Lake City, Utah Winter Olympics 2034 coming, this is a Prime Development Opportunity Potential- Hotel, Short Term, Mixed Use? On a Spacious 1.44-acre lot close to the *Utah Olympic Oval Venue, *South Valley Regional Airport, *Kearns High School, and *Kearns Park & Recreation Center, with easy access to major freeways and highways. *With flexible zoning options and city interest in rezoning, and several plans already drawn up, this property is ideal for a MIXED-USE PROJECT, potentially incorporating Commercial Retail Spaces with Residential Units above, or a full Multi-Family Residential Development. *Drawings and talk with the city of podium style building with 6 commercial units below and 28 apartments above. (See Attachments). *The city is open to all kinds of Zoning and Businesses, and the Kearns City Council has expressed enthusiasm for various project concepts, including owner-occupied Multi-family housing. *This flat, expansive lot currently includes two existing buildings at 5934 S & 5930 S, each approximately 4,215 square feet, totaling around 8,430 square feet. *Also includes two large storage buildings with basements. *Previously used as youth housing and residential treatment facilities, the property's strategic location and zoning flexibility make it perfect for new development, the Olympics, or continued use as housing, including options for temporary housing for athletes training nearby. *Don't miss this rare chance to bring a high-impact project to an area eager for growth. *Further details on city discussions and potential approved plans are available upon request.Owner agent
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
$1,185,300
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Beehive Elementary School
5655 S 5220 W
Distance between this listing and this school0.56 miles
Public District Grades PK-5
2
/10
South Kearns Elementary School
4430 W 5570 S
Distance between this listing and this school0.66 miles
Public District Grades KG-5
5
/10
Western Hills Elementary School
5190 S Heath Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Nearby Schools
5
/10
Entheos Academy Kearns
4710 W 6200 S
Distance between this listing and this school0.26 miles
Public Charter Grades KG-9
2
/10
Thomas Jefferson Junior High School
5850 S 5600 W
Distance between this listing and this school1.04 miles
Public District Grades 6-8
5
/10
Navigator Pointe Academy
6844 S Navigator Dr
Distance between this listing and this school1.19 miles
Public Charter Grades KG-9
Nearby Schools
2
/10
Kearns High School
5525 S Cougar Ln
Distance between this listing and this school0.45 miles
Public District Grades 9-12
3
/10
Hunter High School
4200 S 5600 W
Distance between this listing and this school2.66 miles
Public District Grades 9-12
4
/10
West Hills Middle School
8270 So 5290 W
Distance between this listing and this school3.04 miles
The neighbors living near this home have an average income of $67,257. Most Salt Lake City, UT residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. Most residents in this area have post secondary degree education.
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This home is located at 5934 S Cougar Ln in Salt Lake City, UT and zip code 84118 in the Kearns neighborhood. This 8,430 square foot home, which was built in 1979, sits on a 1.44 acre lot. Features: 10 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $3,969,000.
The inventory of homes for sale in Salt Lake City, UT between September 2024 and October 2024 increased by 43%. In October 2024, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $599,158.
From Rocket Homes Real Estate and based on county public records data.
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved. 
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