550 300Salt Lake City, UT 84103

Property Details for 550 300

Year built

2020

Lot size

2.08 AC

Property size (Sq ft)

351,551 SF

Zone code

R-MU

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

08-36-205-047

APU

836205047

Description

Harvest Marmalade, located at 550 N 300 W in Salt Lake City, Utah, presents a unique opportunity for a retail or restaurant business. This 4,700 square foot space is the last remaining unit in a vibrant mixed-use development within the Marmalade neighborhood, boasting a prime location on the southeast corner of 600 North and 300 West. The property offers exceptional four-way street visibility and convenient access to I-15 via the nearby 600 North on/off ramp, ensuring high traffic volume and excellent exposure. Built in 2020, the building totals 4,699 square feet, with a minimum divisible space of 2,300 square feet and a maximum contiguous space of 2,400 square feet. The property sits on a 2.08-acre lot and benefits from a built-in customer base of 252 luxury apartment residents located above the commercial level. The space is ideally suited for a restaurant, featuring a grease trap and an exhaust line to the roof for hood venting. This is a rare chance to establish a business in a thriving, well-connected location with significant foot and vehicle traffic. The property is situated in Salt Lake County, Utah, with a zip code of 84103.

• CAP approach

  CAP return

  Valuation

  6%

  $115,158,720

  6.5%

  $106,300,352

  7%

  $98,707,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $109,171,528

  Geo Method

  $109,171,528

• Alternative Use

  Use

  Valuation

  Residential

  $106,300,352

  Hospitality

  $97,370,552

  Educational

  $81,011,160

  Medical

  $83,797,256

  Retail

  $126,017,360

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7816

Longitude

-111.899

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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