655 400Salt Lake City, UT 84102

Property Details for 655 400

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.48 AC

Property size (Sq ft)

29,688 SF

Zone code

TSA-UN

Property type

Community centers

APN

16-05-301-025

APU

1605301025

Description

This exceptional retail opportunity is located at 655 E 400 S, Salt Lake City, UT 84102, at the Northwest corner of 400 South and 700 East. The property, known as 4th South Marketplace, offers a total of 70,130 square feet of commercial retail space within a single building. Currently, there are multiple suites available, ranging in size from 1,500 square feet to the total vacant space of 10,196 square feet. This presents a unique chance for businesses seeking flexible space options in a high-traffic area. The property is zoned TSA-UN-C within Salt Lake County. The address is easily accessible and benefits from excellent visibility due to its prominent corner location. This makes it an ideal location for a variety of retail businesses seeking high foot traffic and exposure. The building's substantial size and the availability of multiple suites allow for diverse tenant configurations, catering to both large and small businesses. Interested parties should inquire for lease rates and further details. This is a rare opportunity to secure prime retail space in a thriving Salt Lake City location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,528,867

  6.5%

  $10,642,031

  7%

  $9,881,886

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,988,937

  Geo Method

  $14,988,937

• Alternative Use

  Use

  Valuation

  Residential

  $8,976,951

  Hospitality

  $8,222,839

  Educational

  $6,841,306

  Medical

  $7,076,588

  Retail

  $10,642,031

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7614

Longitude

-111.872

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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