1215 400Salt Lake City, UT 84101

Property Details for 1215 400

Year built

1975

Construction

STEEL FRAME

Lot size

0.16 AC

Property size (Sq ft)

10,218 SF

Zone code

CG

Property type

Warehouses

Property subtype

Self storage facilities

APN

15-12-382-001

APU

1512382001

Description

This exceptional 0.8-acre development site in Salt Lake City's Opportunity Zone presents a compelling investment opportunity. Priced at $5,000,000 ($143 PSF), the property boasts a prime hard corner location at 1215 S 400 W and 1300 S 390 W, offering excellent visibility and accessibility. The site includes three buildings totaling 12,634 square feet, with one building currently leased month-to-month. The property benefits from high traffic counts on I-15, 1300 South, and 300 West, with easy access to major interstates. Existing features include billboard and pylon signage potential, an air compressor, radiant heating, and 3-phase/480 & single-phase/220 power. Zoned CG, this site is ideal for redevelopment or expansion, leveraging its strategic location and Opportunity Zone designation. The property's existing buildings provide immediate income potential while offering significant upside for future development. This is a rare chance to acquire a well-positioned multi-tenant industrial property in a thriving Salt Lake City market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,089,693

  Hospitality

  $2,830,142

  Educational

  $2,354,645

  Medical

  $2,435,625

  Retail

  $3,662,781

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7424

Longitude

-111.902

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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