2714 300South Salt Lake, UT 84115

Property Details for 2714 300

Year built

1984

Construction

WOOD FRAME

Lot size

0.82 AC

Property size (Sq ft)

3,038 SF

Zone code

LI

Property type

Banks

APN

15-24-454-004

APU

1524454004

Description

This exceptional 3,250-square-foot retail property in South Salt Lake, Utah, is available for $2,250,000, offering a 5.00% cap rate. Situated on a highly visible, signalized corner lot spanning 0.82 acres, this vacant building presents a unique opportunity for owner-occupancy or investment. Previously occupied by US Bank, the versatile space is suitable for a variety of uses, including restaurants, quick-service establishments, other banking institutions, or general retail. The property boasts a convenient drive-through and benefits from its location on 300 West, a rapidly developing area with significant ongoing construction and redevelopment. Its proximity to I-80 and I-15 provides easy access to downtown Salt Lake City, the new Salt Lake City International Airport, and nearby ski resorts (approximately 45 minutes away). The area's strong demographics include numerous newly constructed multi-family residences and diverse mixed-use businesses, ensuring a robust customer base. The substantial lot size offers ample space for expansion or future development. This is an ideal opportunity to acquire a high-visibility property in a thriving location with excellent potential for growth and return on investment. The property is located at 2714 S 300 W, South Salt Lake, UT 84115.

• CAP approach

  CAP return

  Valuation

  6%

  $1,179,770

  6.5%

  $1,089,018

  7%

  $1,011,231

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,533,832

  Geo Method

  $1,533,832

• Alternative Use

  Use

  Valuation

  Residential

  $918,628

  Hospitality

  $841,458

  Educational

  $700,083

  Medical

  $724,160

  Retail

  $1,089,018

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.7122

Longitude

-111.9

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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