592 200Salt Lake City, UT 84101

Property Details for 592 200

Lot size

0.59 AC

Property size (Sq ft)

86,379 SF

Zone code

GMU

Property type

Retail properties

Property subtype

Parking lots & garages

APN

15-01-108-037

APU

1501108037

Description

This exceptional 1,100 square foot commercial space is located on the ground floor of the brand-new Greenprint Gateway apartment building at 592 W 200 S, Salt Lake City, UT 84101. The property, built in 2023, offers a versatile layout ideal for a variety of uses, including creative office, traditional office, or medical office space. The space features a 12-foot ceiling height, creating an open and airy atmosphere. It's currently built out with a bathroom and two offices, leaving a large common area ready for customization to perfectly suit your business needs. The minimum divisible space is 400 square feet, with a maximum contiguous space of 2,400 square feet, making it suitable for businesses of various sizes. The property is classified as Class B and is available immediately for single-tenant occupancy. One parking space is included. This prime location benefits from the presence of other high-end businesses within the building, including a men's barber shop, a nail salon, and a bakery, creating a vibrant and desirable commercial environment. The property's address is easily accessible and offers excellent visibility. This is a unique opportunity to establish your business in a thriving Salt Lake City neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $33,543,900

  6.5%

  $30,963,600

  7%

  $28,751,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,611,204

  Geo Method

  $43,611,204

• Alternative Use

  Use

  Valuation

  Residential

  $26,118,954

  Hospitality

  $23,924,822

  Educational

  $19,905,170

  Medical

  $20,589,740

  Retail

  $30,963,600

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7654

Longitude

-111.908

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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