180 400Salt Lake City, UT 84101

Property Details for 180 400

Year built

2008

Construction

WOOD FRAME

Lot size

0.37 AC

Property size (Sq ft)

8,645 SF

Zone code

D1

Property type

Retail properties

Property subtype

Bars

APN

15-01-428-029

APU

1501428029

Description

This exceptional 10,626 square foot restaurant and retail space in Salt Lake City's vibrant downtown offers a rare opportunity. Located on a hard corner at 180 W 400 S, 84101, this property boasts unparalleled visibility and signage. The space is currently configured as a restaurant, featuring existing amenities such as a grease trap, hoods, three-compartment sinks, and a walk-in refrigerator. The layout includes a bar and ample seating, and the building is equipped with a fire sprinkler system and ADA-compliant restrooms, including separate staff facilities. High ceilings and abundant natural light create a welcoming atmosphere. A significant advantage is the inclusion of up to 50 on-site parking spaces, a rare find in the heart of downtown. The space is divisible to a minimum of 4,577 square feet, offering flexibility for various uses. This is one of the few remaining established restaurant spaces in this desirable area, making it an exceptional investment opportunity. The property is situated in Salt Lake County, Utah.

• CAP approach

  CAP return

  Valuation

  6%

  $3,357,150

  6.5%

  $3,098,908

  7%

  $2,877,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,364,705

  Geo Method

  $4,364,705

• Alternative Use

  Use

  Valuation

  Residential

  $2,614,044

  Hospitality

  $2,394,450

  Educational

  $1,992,155

  Medical

  $2,060,668

  Retail

  $3,098,908

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.761

Longitude

-111.896

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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