533 700Salt Lake City, UT 84102

Property Details for 533 700

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

3,406 SF

Zone code

CB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-05-351-017

APU

1605351017

Description

This exceptional executive office building, located at 533 S 700 E in Salt Lake City, Utah, presents a compelling investment opportunity. The property, situated on a 0.14-acre lot, boasts 3,406 square feet of well-appointed office space. Built in 1971, the building is classified as Class C and offers a unique blend of functionality and potential. The asking price is $1,500,000, translating to a price per square foot of $440.40. This represents a strong value proposition in the competitive Salt Lake City market. The property's central location in the 84102 zip code provides easy access to major transportation arteries, amenities, and a thriving business community. The substantial square footage allows for flexible configuration to suit a variety of business needs. This is an ideal opportunity for an owner-occupier or an investor seeking a solid return in a desirable urban setting. The property's existing infrastructure provides a solid foundation for immediate occupancy or future renovations to enhance its value. Serious inquiries are encouraged to explore the full potential of this well-positioned Salt Lake City office building. The property's 0.14-acre lot offers potential for future expansion or development, adding further value to this already attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,115,719

  6.5%

  $1,029,895

  7%

  $956,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,057,708

  Geo Method

  $1,057,708

• Alternative Use

  Use

  Valuation

  Residential

  $1,029,895

  Hospitality

  $943,378

  Educational

  $784,880

  Medical

  $811,873

  Retail

  $1,220,924

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7576

Longitude

-111.871

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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