4516 E StMurray, UT 84107

Property Details for 4516 E St

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

Investment properties

Property subtype

Retail residential 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

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