225 200Salt Lake City, UT 84111

Property Details for 225 200

Year built

1971

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

15,660 SF

Zone code

D-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-06-178-003

APU

1606178003

Description

This exceptional 904-square-foot office space is situated in a three-story, 16,000-square-foot building located at 225 S 200 E in Salt Lake City's central business district. The building, constructed in 1971 and renovated in 2014, offers a traditional office setting within a single-suite configuration. The available space is on the garden level and is immediately available. While the building itself does not have elevators, this ground-level suite provides convenient access. The property sits on a sizable 2.8 acres of land, offering some on-site parking. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located office space in a vibrant urban setting. The minimum divisible space is 904 square feet, and the maximum contiguous space available is also 904 square feet. This presents a unique chance to secure a functional and attractive office in a prime Salt Lake City location. The property is located in Salt Lake County, Utah, with a zip code of 84111.

• CAP approach

  CAP return

  Valuation

  6%

  $5,129,814

  6.5%

  $4,735,212

  7%

  $4,396,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,863,096

  Geo Method

  $4,863,096

• Alternative Use

  Use

  Valuation

  Residential

  $4,735,212

  Hospitality

  $4,337,429

  Educational

  $3,608,690

  Medical

  $3,732,798

  Retail

  $5,613,518

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7643

Longitude

-111.885

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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