327 3300South Salt Lake, UT 84115

Property Details for 327 3300

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

3,800 SF

Zone code

BUS-A

Property type

Warehouses

APN

16-30-331-012

APU

1630331012

Description

This exceptional investment opportunity presents a 3,800 square foot warehouse and a thriving painting business located at 327 E 3300 S, South Salt Lake City, UT 84115. The property, situated on a 0.46-acre lot, boasts a Class B building constructed in 1963 and renovated in 2000. Currently operating at 100% occupancy, the business generates a substantial Net Operating Income (NOI) of $313,571, yielding a compelling 12.27% cap rate. The asking price for this owner-user investment is $2,555,000. The permitted commercial zoning offers flexibility for future ventures. The business, established in 1983, has a strong reputation and an extensive client base, including high-profile organizations. Most business assets are included in the sale, facilitating a smooth transition for the new owner. While the business and property are offered together, separate purchase options may be considered, contingent upon securing a buyer for the business if the property is purchased independently. This presents a unique opportunity to acquire a well-established enterprise and a strategically located property in a desirable Salt Lake County area. The property's APN is 16-30-331-0120.

• Alternative Use

  Use

  Valuation

  Residential

  $1,149,043

  Hospitality

  $1,052,517

  Educational

  $875,682

  Medical

  $905,798

  Retail

  $1,362,172

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.7002

Longitude

-111.882

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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