For Sale
$6,226,900

951 900Salt Lake City, UT 84105

7-Unit QSR/Restaurant Investment. 5% Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, multi-tenant retail property in Salt Lake City's desirable 9th & 9th district presents a compelling investment opportunity. The 7,180 square foot building, constructed in 2023, boasts 100% occupancy across seven units, generating a strong net operating income (NOI) of $311,345 and a 5.00% cap rate. Priced at $6,226,900 ($867.26/sq ft), this two-story building sits on a 0.14-acre lot and includes three parking spaces. The property is zoned C and benefits from a prime location with convenient access to I-15/80 freeways, public transportation, and numerous amenities, including City Creek Center, Gallivan Plaza, and Temple Square. The surrounding area features strong demographics, with a growing population and high average household income within a 5-mile radius. This rare, small-sized multi-tenant building offers a unique chance to acquire a stable, high-performing asset in a thriving market. The property's location near the TRAX light rail on 400 South provides excellent accessibility. Nearby amenities include Trolley Square, Smith's Marketplace, Whole Foods, Harmons, and Trader Joe's, further enhancing its appeal. The address is 951 E 900 South, Salt Lake City, UT 84105. APN: 16-08-180-039-0000.

Highlights

  • Rare, 7,180 SF, two-story multi-tenant retail building in Salt Lake City's 9th & 9th district.
  • Prime location with convenient access to I-15/80 freeways, public transportation, and City Creek Center.
  • Strong demographics: growing population and high average household income within a 5-mile radius.
  • 100% occupancy across seven units, generating a $311,345 NOI and a 5.00% cap rate.
  • Located near TRAX light rail and numerous amenities including Trolley Square, Smith's Marketplace, Whole Foods, Harmons, and Trader Joe's.

Property Details for 951 900

Property type
Retail properties, Restaurants
Square Feet
7,180 SF
Class
A
Year Built
2023
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
7

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7498644005
Longitude
-111.86389832312
951 900, Salt Lake City, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
951 900
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message