3280 3500West Valley City, UT 84119

Property Details for 3280 3500

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.26 AC

Property size (Sq ft)

30,164 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

15-29-480-055

APU

1529480055

Description

Plaza 35, located at 3280 W 3500 S in West Valley City, UT 84119, offers a prime opportunity for businesses seeking office space. This single-story, Class B building, constructed in 2000, boasts a total of 30,164 square feet and features flexible space options ranging from a minimum of 2,455 square feet to a maximum contiguous space of 15,192 square feet. Suite A, comprising 15,192 square feet, will be available November 1, 2024, and offers 60 individual offices, 12 additional rooms (including training and conference rooms), and ample reception areas. The building provides a generous parking ratio of 7 spaces per 1,000 square feet, totaling 181 spaces, along with high security and numerous restrooms. The property sits on a 3.26-acre lot and benefits from high visibility and convenient access to I-215, situated within West Valley City's thriving redevelopment area. Lease terms are for a minimum of 3 to 10 years. Smaller spaces of 5,755 and 7,605 square feet may also be available. The property is ideally suited for a variety of business needs and offers potential for customized space configurations.

• CAP approach

  CAP return

  Valuation

  6%

  $9,881,069

  6.5%

  $9,120,987

  7%

  $8,469,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,367,204

  Geo Method

  $9,367,204

• Alternative Use

  Use

  Valuation

  Residential

  $9,120,987

  Hospitality

  $8,354,775

  Educational

  $6,951,074

  Medical

  $7,190,133

  Retail

  $10,812,783

Location Insight

City

West Valley City

County

Salt Lake

State

Utah

Latitude

40.6973

Longitude

-111.969

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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