307 200Salt Lake City, UT 84101

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

Investment properties

Property subtype

Retail residential 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.

• 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

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

FAQs

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