4516 700Murray, UT 84107

Property Details for 4516 700

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.12 AC

Property size (Sq ft)

61,131 SF

Zone code

G-O

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

22-05-303-011

APU

2205303011

Description

Aspenwood Park, located at 4516 S 700 E in Salt Lake City, UT 84107, offers exceptional executive office space for lease. This three-story, Class C building, totaling 61,131 square feet, underwent renovations in 2020, ensuring modern amenities within a well-established structure originally built in 1986. Currently, there are two available suites, ranging from 2,986 to 4,175 square feet, perfect for businesses seeking flexible and adaptable workspaces. The property sits on a 2.12-acre lot and provides ample parking with a ratio of 4.3 spaces per 1,000 square feet. Building features include elevators for convenient access to all floors. The building is situated in the Central Valley East submarket of Salt Lake County, offering excellent accessibility and visibility. A motivated landlord is prepared to offer build-out incentives for qualified tenants seeking longer-term leases. This presents a unique opportunity to customize your workspace to perfectly suit your business needs within a well-maintained and conveniently located office building. The property's location in Murray provides easy access to major transportation routes and a variety of local amenities. With a total of 1,106 square feet currently vacant, this is an ideal opportunity for businesses seeking immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $20,025,266

  6.5%

  $18,484,860

  7%

  $17,164,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,983,774

  Geo Method

  $18,983,774

• Alternative Use

  Use

  Valuation

  Residential

  $18,484,860

  Hospitality

  $16,932,034

  Educational

  $14,087,253

  Medical

  $14,571,735

  Retail

  $21,913,504

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6739

Longitude

-111.872

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].