For Sale
$7,200,000

56 BroadwaySalt Lake City, UT 84111

Downtown SLC: Restaurant, Creative Office

Overview

Added:
Dec 11, 2024
Days on market:
115
This iconic Salt Lake City property, Vibe Broadway (56 E Broadway, 84111), offers 53,636 square feet of prime commercial space, currently 100% occupied. The seven-story building, originally constructed in 1910 and effectively rebuilt in 2002, boasts a blend of restaurant and creative office space. The ground floor features retail/entertainment space, while five upper floors provide flexible creative office layouts. Modern architectural features include exposed brick, high ceilings, and large windows, creating an open and inspiring work environment. Amenities include a brand new on-site fitness center and a rooftop patio offering panoramic downtown views. Multiple fiber providers ensure high-speed connectivity. The building's convenient location is within minutes of the TRAX light rail station and close to the Salt Palace Convention Center, City Creek Center, hotels, restaurants, and the Delta Center Arena. The property sits on a 0.17-acre lot and is zoned D-1. The asking price is $7,200,000, representing a price per square foot of $134.24. The current market lease rate is $22.75 per square foot full-service ($15.00 NNN equivalent). This exceptional property presents a unique investment opportunity in the heart of a thriving downtown area. Its rich history, combined with modern amenities and a prime location, makes it an ideal investment for discerning buyers.

Highlights

  • $7,200,000 asking price for a 53,636 square foot retail and office building.
  • 100% occupied, with a price per square foot of $134.24.
  • Seven-story building, originally built in 1910, effectively renovated in 2002, situated on a 0.17-acre lot in Salt Lake City, UT.
  • Features ground-floor retail/entertainment space and five floors of creative office space, a rooftop patio with city views, and a new fitness center.
  • Multiple fiber providers and proximity to TRAX light rail, Salt Palace Convention Center, City Creek Center, and other downtown amenities.
  • Market lease rate: $22.75 per square foot full-service ($15.00 NNN equivalent).

Property Details for 56 Broadway

Property type
Retail properties, Restaurants
Square Feet
53,636 SF
Year Built
1910
Stories
7
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.762412
Longitude
-111.889137
56 Broadway, Salt Lake City, Utah

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56 Broadway
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