34 500Salt Lake City, UT 84111

Property Details for 34 500

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.92 AC

Property size (Sq ft)

21,300 SF

Zone code

R-MU

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-06-203-001

APU

1606203001

Description

This single-story, 12,368 square foot medical office building, located in the periphery submarket of Davis County, presents a unique investment opportunity. Built in 1965, the Class C property features a multi-tenant occupancy structure with one currently available space totaling 1,026 square feet. Ideal for medical or dental practices, this space offers immediate occupancy. The building's overall size provides ample room for existing tenants and future growth. The property operates under a ground lease arrangement. The available space is well-suited for a variety of medical or dental uses, offering a chance to establish or expand a practice in a well-established area. Given its location in the periphery submarket of Davis County, the property benefits from convenient access to major transportation routes and a growing patient base. The building's single-story design ensures easy accessibility for patients and staff. The 1,026 square foot vacant space offers flexibility in layout and design to accommodate specific practice needs. This presents a compelling opportunity for a medical or dental professional seeking a well-located, readily available space in a thriving community. The existing multi-tenant environment fosters a collaborative atmosphere and shared resources. Serious inquiries are encouraged to explore this promising investment prospect. The property's size and location make it an attractive option for both established and emerging medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $5,626,877

  6.5%

  $5,194,040

  7%

  $4,823,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,267,455

  Geo Method

  $4,267,455

• Alternative Use

  Use

  Valuation

  Residential

  $6,440,610

  Hospitality

  $5,899,564

  Educational

  $4,908,368

  Medical

  $5,077,174

  Retail

  $7,635,239

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7684

Longitude

-111.878

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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