5934 S Cougar Ln W, Kearns, UT 84118
Local realty services provided by:CENTURY 21 Everest
5934 S Cougar Ln W,Kearns, UT 84118
$2,500,000
- 1.44 Acres
- Lots / Land
- Active
Listed by: wendy bradshaw, cherie orellana
Office: platinum place realty
MLS#:2183957
Source:SL
Price summary
- Price:$2,500,000
About this home
Generational land-banking and premier urban infill redevelopment opportunity positioned directly in the path of the 2034 Olympic legacy expansion. Encompassing 1.44 contiguous acres (62,726 Total Lot Square Feet)($39.83 per sq ft), this premier land parcel features an unmatched location profile: the south edge sits on a commanding corner lot at 4800 W Cougar Lane and Stone Ledge Cove, while the entire north border directly aligns with the beautiful city park next door to the world-renowned Utah Olympic Oval. Offered at an attractive land basis of $39.83 per square foot ($1,736,111 per acre), this rare gateway site represents the ultimate "Covered Land Play." The property is currently zoned as residential multifamily and features two homes with 5934 S & 5930 S with 6 updated condo style units encompassing a total of 10 bedrooms and 12 bathrooms, complemented by two substantial outdoor two-level storage units. This turnkey configuration is fully occupied and generates a steady $11,500 in monthly gross revenue ($138,000 annualized). This reliable, in-place cash flow allows an incoming developer to comfortably absorb the property's standard operating outlays and carrying costs, while navigating the engineering and municipal zoning and entitlement phases. Conceptual architectural design drawings to scale the site into a high-density mixed use / residential multifamily condo complex have earlier been discussed with municipal planning officials, receiving enthusiastic preliminary interest and pro-growth support for community housing revitalization. Review the attached conceptual drawings to see the immense potential for an expansive mixed-use retail / condominium block or high-density luxury townhome footprint that blends seamlessly with the adjacent park. Flat, clear topography perfectly suited for the global spotlight of the 2034 Olympic cycle, with rapid logistical access to 5400 South, South Valley Regional Airport, and Salt Lake City International Airport. Owner agent. Property is actively occupied and requires at least 24 hours showing notice; please do not disturb tenants. Square footage figures are provided as a courtesy estimate only and was obtained from County. Buyer to verify all info, and is also advised to obtain an independent measurement....
Contact an agent
Home facts
- Listing ID #:2183957
- Added:1 day(s) ago
- Updated:September 10, 2026 at 11:21 AM
Structure and exterior
- Lot area:1.44 Acres
- Lot Features:Corner Lot, Curb & Gutter, Fenced: Partial, Sidewalks, Terrain: Flat
- Exterior Features:Out Buildings
Schools
- High school:Kearns
- Middle school:Thomas Jefferson
- Elementary school:Beehive
Utilities
- Sewer:Sewer Available, Sewer Connected, Sewer: Available, Sewer: Connected, Sewer: Public
Finances and disclosures
- Price:$2,500,000
- Tax amount:$9,151
New listings near 5934 S Cougar Ln W
- New
$65,400Active3 beds 2 baths980 sq. ft.5075 W 4700 S #89, Kearns, UT 84118
MLS# 2184218Listed by: KW SOUTH VALLEY KELLER WILLIAMS - New
$495,000Active4 beds 2 baths1,952 sq. ft.4085 W 5780 S, Salt Lake City, UT 84118
MLS# 2184062Listed by: BLUE DIAMOND REALTY LLC - New
$594,900Active7 beds 4 baths2,624 sq. ft.5334 S 5240 W, Salt Lake City, UT 84118
MLS# 2184124Listed by: INNOVA REALTY INC - Open Sun, 11am to 1pmNew
$450,000Active4 beds 2 baths1,346 sq. ft.5111 S Pieper Blvd, Salt Lake City, UT 84118
MLS# 2183990Listed by: ERA BROKERS CONSOLIDATED (SALT LAKE) - New
$429,900Active3 beds 2 baths1,130 sq. ft.4656 W 4865 S, Salt Lake City, UT 84118
MLS# 2183940Listed by: ULRICH REALTORS, INC. - New
$495,000Active4 beds 2 baths2,106 sq. ft.5698 S Trowbridge Way W, Salt Lake City, UT 84118
MLS# 2183930Listed by: BUTLER REALTORS, INC. - Open Sat, 1 to 3pmNew
$545,000Active4 beds 3 baths2,687 sq. ft.5476 W Ridge Flower Way, Kearns, UT 84118
MLS# 2183817Listed by: REAL BROKER, LLC - New
$450,000Active3 beds 2 baths1,900 sq. ft.6103 S Aries Dr, Salt Lake City, UT 84118
MLS# 2183291Listed by: COLDWELL BANKER REALTY (UNION HEIGHTS) - New
$495,000Active4 beds 2 baths1,888 sq. ft.5350 W 5200 S, Salt Lake City, UT 84118
MLS# 2183176Listed by: INTERSTATE REALTY BROKERS