1985 1100Salt Lake City, UT 84106

This 1.06-acre Salt Lake City property, located at 1985 S 1100 E in the desirable Sugar House district (zip code 84106), presents a unique covered land play opportunity. Currently improved with 22,084 square feet of existing buildings—four single-story retail buildings (12,286 RSF), one two-story office building (8,460 RSF), and garage space (1,338 RSF)—the site is 96% occupied with diverse retail and office tenants. The property boasts a CSHBD1 zoning designation, allowing for buildings up to 105 feet in height, offering significant development flexibility for various property types. The current below-market rents ($20.14 PSF) and a low weighted average lease term (WALT) of 17 months provide immediate value-add potential, with comparable properties achieving rents of $38.95 PSF NNN. This prime location within Sugar House, known for its high quality of life, strong demographics, and robust job market, makes this an exceptional investment opportunity for developers seeking a high-return project in a thriving urban area. The asking price is $10,389,060.