1592 1100Salt Lake City, UT 84105

Property Details for 1592 1100

Year built

1925

Construction

WOOD FRAME

Lot size

0.15 AC

Property size (Sq ft)

4,520 SF

Zone code

RB

Property type

Retail properties

Property subtype

Retail space

APN

16-17-253-029

APU

1617253029

Description

This exceptional three-story, 4,686 square foot building, located at 1592 S 1100 E in Salt Lake City, Utah, presents a unique investment opportunity. Built in 1925, this charming brick structure boasts hardwood floors throughout and a flexible floor plan, ideal for a variety of commercial uses including executive, medical, or traditional office spaces. The property sits on a 0.15-acre lot and includes 10 parking spaces. The building features a spacious layout with ample natural light in each room, enhanced by a striking brick accent wall. A welcoming fireplace graces the main living area, while the basement offers an additional 1,711 square feet of space. The upper floors comprise 1,265 square feet of additional usable area. Previously utilized as a day spa, this property offers multiple entrances, providing versatility for various business configurations. The building is bank-owned and available for immediate purchase at $950,000. The occupancy date is November 15, 2024. This property represents a rare find in the desirable Sugar House area, offering a blend of historic charm and modern adaptability. The property includes eight bedrooms and multiple restrooms. Don't miss this chance to acquire a prime commercial property in a thriving Salt Lake City location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,755,279

  6.5%

  $1,620,257

  7%

  $1,504,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,282,067

  Geo Method

  $2,282,067

• Alternative Use

  Use

  Valuation

  Residential

  $1,366,748

  Hospitality

  $1,251,934

  Educational

  $1,041,594

  Medical

  $1,077,416

  Retail

  $1,620,257

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.735

Longitude

-111.86

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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