Salem, UT, 84653
$2,578,740
Est. $14,026/mo
- Acres
- 2.96
- Type
- Commercial
- Days listed
- 99
About this home
Right off the I-15 Benjamin Exit into Salem! This site has frontage on Loafer Mountain Parkway and 17th North which is currently under construction. Traffic Report estimates 29,500 trips per day will be produced from the New Salem Masterplan. A great location for commercial/retail right at the entrance of Salem, Woodland Hills, and Elk Ridge. Just south of New Salem will be the brand new Arrowhead Park, which will host 5 Baseball/Softball diamonds and soccer fields for large sporting events. New Salem, the newest master planned community in Salem, UT, is strategically positioned on the corner of 8000 South (SR-164) and the newly completed Loafer Mountain Parkway. New Salem is a large mixed use masterplan with 1,900+ residential units planned. - All pads, with exception to those sold, can be sized/subdivided to fit. - Buyer will be responsible for all onsite development. - New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center. - $20/sf - Seller to deliver super pads to Buyer with perimeter roads installed and utilities stubbed to the lot. - Zoning - New Salem master plan with development agreement allows for the C1, C2, and C3 commercial zoning to be utilized in our commercial/retail center. - Pads are building permit ready!
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Boyd B Brown
KW Utah Realtors Keller Williams
MLS #2173840
Your message goes only to Juston.
Schools
Nebo- Salem
Elementary
- Salem Jr
Middle School
- Salem Hills
High School
Home details
Property
- Type
- Land
- Style
- Commercial
- Stories
- 0
- Condition
- Blt./Standing
- Subdivision
- NEW SALEM
- County
- Utah
- Zoning
- Commercial
- MLS #
- 2173840
Costs
- List price
- $2,578,740
- HOA
- $1
- Home warranty
- No
Lot and parking
- Lot
- 2.96 ac
- Lot features
- Additional Land Available
- Covered spaces
- 0
- Total parking
- 0
Systems
- Sewer
- Sewer: Available,Sewer: Public
All home details37 details
Property Info
- Property Type
- Land
- Property Style
- Commercial
- Condition
- Blt./Standing
- MLS #
- 2173840
- County
- Utah
- Subdivision
- NEW SALEM
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Lot Size (Acres)
- 2.96
- Lot Size
- 128,937.6 sq ft
- Zoning
- Commercial
Financial
- List Price
- $2,578,740
- Original Price
- $2,578,740
- HOA Fees
- $1
- HOA
- Yes
- Home Warranty
- No
Lot & Land
- Lot Features
- Additional Land Available
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- No
- Carport
- No
- Covered Spaces
- 0
- Total Parking
- 0
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Sewer
- Sewer: Available,Sewer: Public
- Utilities
- Natural Gas Available,Electricity Available,Sewer Available,Sewer: Public,Gas: Stubbed,Power: Stubbed,Sewer: Stubbed
Schools
- Elementary
- Salem
- Middle School
- Salem Jr
- High School
- Salem Hills
- Elementary District
- Nebo
Timeline
- Listed
- Jul 23, 2026
- Days on Market
- 99
- Status
- Active
Salem market
Explore SalemSalem median
$439,900
This home: 486% above
Days to sell
53
Utah: 70
Homes for sale
186
Price range
$299k – $2.46M
Sale to list
100%
Market
Balanced market
SafetyVery Safe · 15.3 incidents per 1,000 residents · 67% below the Utah average
Safety rating 8.3 out of 10.
Violent
2.9
per 1,000 · national 3.6
Property
7.6
per 1,000 · national 17.6
vs Utah
−67%
46.4 per 1,000 statewide
vs Utah
−51%
30.8 per 1,000 countywide
Society
4.7
per 1,000
Population 11,213 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Common questions
About this property, Salem, UtahWhat is the asking price for this property, Salem?
this property, Salem is listed at $2,578,740. This listing is currently active and available for showings.
How long has this property, Salem been on the market?
This property has been listed for 99 days. The average days on market in Salem is 53 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.
What schools serve this property, Salem?
Assigned schools: Elementary: Salem; Middle: Salem Jr; High: Salem Hills. School district: Nebo.
How does this listing compare to the Salem market?
this property, Salem is listed at $2,578,740, which is above the Salem median of $439,900 by $2,138,840. There are currently 186 active listings in Salem. Homes in Salem sell in an average of 53 days. The average sale-to-list ratio is 99.9%.
What would homeowner's insurance cost for this property, Salem?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $2,578,740, expect approximately $7,736-$12,894/year ($645-$1,075/month). Get multiple quotes — rates vary significantly by insurer.
Could this property, Salem be a 1031 exchange property?
Yes, this property, Salem could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
All 8 questions
What type of property is this property, Salem?
this property, Salem is a Land (Commercial). It is located in the NEW SALEM subdivision. Zoning: Commercial.
What high school is near this property, Salem?
The nearest high school is Salem Hills. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.
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