10949 Redwood RdSouth Jordan, UT 84095

Property Details for 10949 Redwood Rd

Year built

2016

Lot size

1.63 AC

Property size (Sq ft)

11,429 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

27-15-451-039

APU

2715451039

Description

Falcon Plaza, a single-story, 11,429 square foot anchorless strip center in Salt Lake County, offers a prime retail or restaurant opportunity. Built in 2016, this 1.63-acre property currently has 5,100 square feet of vacant space available for lease. The space is a second-generation restaurant space and includes fixtures, furniture, and equipment (FF&E). This highly visible location boasts a strong daily traffic count of 27,829 vehicles on Redwood Road. The center enjoys a desirable tenant mix, including established businesses like Beans & Brews and Mi Ranchito. The available space is highly adaptable and can be subdivided to accommodate smaller tenants, providing flexibility for various business needs. The property presents a compelling investment opportunity for businesses seeking high visibility and a strong location within a thriving commercial area. The building's modern construction and established tenant base create a stable and attractive environment for new businesses. Interested parties should inquire for lease terms and conditions. The property's size and location make it ideal for a variety of retail or restaurant concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $4,438,442

  6.5%

  $4,097,024

  7%

  $3,804,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,770,296

  Geo Method

  $5,770,296

• Alternative Use

  Use

  Valuation

  Residential

  $3,455,993

  Hospitality

  $3,165,671

  Educational

  $2,633,801

  Medical

  $2,724,382

  Retail

  $4,097,024

Location Insight

City

South Jordan

County

Salt Lake

State

Utah

Latitude

40.5524

Longitude

-111.938

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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