1985 1100Salt Lake City, UT 84106

Property Details for 1985 1100

Lot size

0.19 AC

Zone code

C-SHBD

Property type

Retail properties

Property subtype

Retail space

APN

16-17-457-010

APU

1617457010

Description

This 1.06-acre Salt Lake City property, located at 1985 S 1100 E in the desirable Sugar House district (zip code 84106), presents a unique covered land play opportunity. Currently improved with 22,084 square feet of existing buildings—four single-story retail buildings (12,286 RSF), one two-story office building (8,460 RSF), and garage space (1,338 RSF)—the site is 96% occupied with diverse retail and office tenants. The property boasts a CSHBD1 zoning designation, allowing for buildings up to 105 feet in height, offering significant development flexibility for various property types. The current below-market rents ($20.14 PSF) and a low weighted average lease term (WALT) of 17 months provide immediate value-add potential, with comparable properties achieving rents of $38.95 PSF NNN. This prime location within Sugar House, known for its high quality of life, strong demographics, and robust job market, makes this an exceptional investment opportunity for developers seeking a high-return project in a thriving urban area. The asking price is $10,389,060.

• CAP approach

  CAP return

  Valuation

  6%

  $3,213,874

  6.5%

  $2,966,652

  7%

  $2,754,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,178,404

  Geo Method

  $4,178,404

• Alternative Use

  Use

  Valuation

  Residential

  $2,502,482

  Hospitality

  $2,292,260

  Educational

  $1,907,134

  Medical

  $1,972,723

  Retail

  $2,966,652

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.727

Longitude

-111.858

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].