Saratoga Springs Towne Center

1500 N Redwood Road Saratoga Springs, UT 84043

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FOR SALE Incentives
Property Type:
Commercial Land Development
Amount:
$6,534,000
Last Verified:
Aug 29, 2017


Description

Sale Price $6.25 PSF (Approx. $4,600,000)
Available: Approx.16.70, Consisting of 2 Parcels
High Growth Area
Excellent Development Opportunity
Zoned General Commercial
ADT: Redwood Rd – 29,382
Main Street – 15,523

n/a

Building Size: 5445000.0sq ft
Lot Size: 16.7 acres

Map of 1500 N Redwood Road, Saratoga Springs, UT, 84043

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.