125 13800Draper, UT 84020

Property Details for 125 13800

Year built

2008

Lot size

5.58 AC

Property size (Sq ft)

80,910 SF

Zone code

CR

Property type

Retail properties

Property subtype

Other retail properties

APN

34-06-151-061

APU

3406151061

Description

Bangerter Crossing offers a prime retail opportunity in Salt Lake County's thriving SE submarket. This multi-tenant strip center, totaling 84,794 square feet, boasts a desirable location with excellent visibility and accessibility. The property features 1,336 square feet of immediately available inline space, perfect for a variety of retail uses. Situated on a substantial 14.7-acre lot, the center benefits from convenient access to I-15 and Bangerter Highway, ensuring high traffic volume and exposure to a large customer base. The area is characterized by high household incomes, reflecting a strong and established consumer market. The property's strategic location at the new Bangerter Extension Gateway to South Mountain further enhances its visibility and accessibility, making it an ideal location for businesses seeking significant foot traffic and brand recognition. This is a rare opportunity to secure retail space in a high-demand area with exceptional access and visibility. The existing tenant mix contributes to a vibrant and successful shopping environment. Don't miss this chance to establish your business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $31,421,622

  6.5%

  $29,004,574

  7%

  $26,932,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,850,004

  Geo Method

  $40,850,004

• Alternative Use

  Use

  Valuation

  Residential

  $24,466,444

  Hospitality

  $22,411,130

  Educational

  $18,645,798

  Medical

  $19,287,054

  Retail

  $29,004,574

Location Insight

City

Draper

County

Salt Lake

State

Utah

Latitude

40.5018

Longitude

-111.887

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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