4110 Highland Dr Holladay, UT 84124

This four-story, 18,854 square foot Class B office building in Holladay, Utah, presents a compelling owner-user opportunity. Located at 4110 S Highland Dr, Salt Lake City, UT 84124, this property boasts 17,000 net rentable square feet and features a mix of executive, medical, and traditional office spaces. Currently housing eight tenants, approximately 65% of the building will be available for owner-user occupancy by January 2025. The ground floor (3,600 sq ft), currently vacant, offers a private west-side entrance and elevator access, previously used as a dance studio. The second floor (4,900 sq ft) is occupied by a dental practice with twelve operatories. The third floor, partially month-to-month tenancy expiring January 1, 2025, offers a large conference room and open space with potential for increased leasable area. Rents on this floor are significantly below market value, presenting an opportunity to increase income. The building includes 58 parking spaces, with 22 additional spaces available via a perpetual easement. Built in 1999 and renovated in 2010, the property sits on a 0.39-acre lot and is zoned Commercial C2. The asking price is $4,490,000, representing a 5.52% cap rate with a current NOI of $247,632. Square footage is based on county records