307 200Salt Lake City, UT 84101

  • Mixed-use properties
  • 49,449 SF
For Lease
$23/SF/YR View listing

Property Details for 307 200

Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.62 AC
Property size (Sq ft)
49,449 SF
Zone code
D-4
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
15-01-251-003
APU
1501251003

Description

The Crane Building, located at 307 W 200 S in Salt Lake City, UT 84101, offers a unique opportunity for businesses seeking creative office space in a vibrant downtown setting. This multi-tenant building boasts a total of 44,040 square feet, with a variety of suite sizes available. The minimum divisible space is 242 square feet, ideal for smaller startups or satellite offices, while larger tenants can occupy up to 3,547 contiguous square feet. Currently, there are 6,955 square feet of vacant space ready for immediate occupancy. The building's versatile design caters to a range of business needs, encompassing both retail and office spaces. The creative office subtype is particularly well-suited for companies in design, technology, or the arts, appreciating the building's character. High ceilings, measuring 10 feet, contribute to a spacious and airy atmosphere. This prime location in downtown Salt Lake City provides excellent access to amenities, transportation, and a thriving business community. The property is perfect for businesses seeking flexible and adaptable workspace in a desirable urban environment. Inquire today to learn more about leasing options and explore the possibilities of establishing your business within this dynamic building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $16,198,220
    6.5%
    $14,952,203
    7%
    $13,884,189
  • Comparable approach

    Method
    Valuation
    Relative Method
    $15,356,016
    Geo Method
    $15,356,016
  • Alternative Use

    Use
    Valuation
    Residential
    $14,952,203
    Hospitality
    $13,696,138
    Educational
    $11,395,026
    Medical
    $11,786,918
    Retail
    $17,725,596
307 200, Salt Lake City, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7646
Longitude
-111.9
CBSA code
41620
CBSA name
SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,411
$1,919,100
$2,977,800
$4,896,900
-
$1,919,100
$2,977,800
$4,896,900

FAQs

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