JLL is pleased to present the flexible land parcel for lease at 1624-1636 South Pioneer Road in Salt Lake City, Utah. This ground-lease opportunity is zoned M-1 for light-industrial operations. The 9.73-acre site is divisible to approximately 4.5 acres. The fenced-in and secured site has a gravel portion of 3.5 acres and a paved asphalt/ concrete portion of 6.23 acres. Surrounding light industrial users in the area include Pepsi Bottling Group, Varex Imaging, Suntec Concrete, Keystone Automotive, DEWALT Service Center, Uinta Brewing, Sunpro, Delta Fire Systems, and Advance Auto Parts. Tenants in the realm enjoy easy access to Interstate 215, less than a mile from the subject site, and Interstates 80 and 15 in the surrounding area. The Salt Lake City International Airport is about 6 miles away, making large cargo transportation a breeze.
Salt Lake City is Utah’s cultural and economic hub and is best known for combining the elements of a modern metropolis with the scenery of the American West. As the state’s capital, Salt Lake is the largest city with over 200,000 residents. Salt Lake City is surrounded by some of the most beautiful mountains and forests, perfect for abundant outdoor recreation options. There’s a significant system of interstate and highways, as well as the Salt Lake City International Airport, making business transportation easily feasible. The city has a strong network of bike lanes, numerous public transit/ subway options, and the Salt Lake Central light rail service. Salt Lake has a thriving culinary scene, major corporate and tech employers, and many annual events.
Salt Lake City's total employment is more than 40,000 jobs above its 2019 peak, a testament to the resiliency of the local economy. 1624-1636 S Pioneer Road’s premier 9.73-acre ground-lease opportunity is nestled in the tax-incentivized Opportunity Zone of the West Valley/ Lake Park Submarket. Utah's reputation as one of the most desirable places to live in the US, along with a business-friendly environment and deep talent pool, are major draws for employers. More than 271,360 residents are within the encompassing 5 miles of the subject property, and nearly 203,500 report to service-producing industries and 42,000 to goods-producing sectors. Trade, transportation, utilities, and manufacturing retain the most extensive employment realms.