462 100Salt Lake City, UT 84111

Property Details for 462 100

Year built

1952

Construction

WOOD FRAME

Lot size

0.17 AC

Property size (Sq ft)

4,330 SF

Zone code

R-MU

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-06-206-014

APU

1606206014

Description

This exceptional executive office building, located at 462 E 100 S in Salt Lake City, Utah, presents a unique investment opportunity. The property boasts 4,450 square feet of office space, priced at $1,100,000, or $247.19 per square foot. Situated on a 0.17-acre lot, the building offers excellent visibility from 100 South. The RMU (Residential/Mixed-Use) zoning allows for a building height of up to 75 feet, presenting potential for future expansion or redevelopment. Ample parking is provided with 9 available stalls. The property's location in Salt Lake City, Utah, zip code 84111, offers convenient access to major transportation routes and amenities. The land itself is valued at $145 per square foot, adding to the overall investment appeal. This is a rare opportunity to acquire a well-located, established executive office building with significant potential in a thriving urban environment. The building's size and zoning provide flexibility for a variety of uses, making it an attractive option for both investors and owner-occupiers. Don't miss this chance to own a piece of Salt Lake City's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,143,875

  6.5%

  $1,055,884

  7%

  $980,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $867,516

  Geo Method

  $867,516

• Alternative Use

  Use

  Valuation

  Residential

  $1,309,297

  Hospitality

  $1,199,309

  Educational

  $997,811

  Medical

  $1,032,127

  Retail

  $1,552,150

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7668

Longitude

-111.878

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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