1558 1100Salt Lake City, UT 84105

Property Details for 1558 1100

Year built

1921

Construction

WOOD FRAME

Lot size

0.10 AC

Property size (Sq ft)

2,346 SF

Zone code

RB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-17-251-031

APU

1617251031

Description

This exceptional three-story office building, located in the desirable Sugar House neighborhood of Salt Lake City, Utah, presents a unique investment opportunity. Boasting 3,400 square feet of net rentable space, this fully renovated (2024) property is situated on a 0.1-acre lot and features 10 onsite parking spaces. The building is zoned RB and offers convenient access to high traffic areas, with 1100 East boasting 9,394 ADT and 1500 South showing 9,409 ADT. The asking price is $1,550,000, translating to $455.88 per square foot. This property is ideal for a variety of uses and presents a strong return on investment. The building's prime location and ample parking make it an attractive option for businesses seeking a high-visibility presence in a thriving community. The property's recent renovation ensures modern amenities and functionality. The address is 1558 S 1100 E, Salt Lake City, UT 84105, APN 16172510310000. A lease rate of $30 per square foot NNN is also available.

• CAP approach

  CAP return

  Valuation

  6%

  $768,493

  6.5%

  $709,378

  7%

  $658,708

• Comparable approach

  Method

  Valuation

  Relative Method

  $728,533

  Geo Method

  $728,533

• Alternative Use

  Use

  Valuation

  Residential

  $709,378

  Hospitality

  $649,787

  Educational

  $540,615

  Medical

  $559,207

  Retail

  $840,956

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7357

Longitude

-111.86

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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