951 900Salt Lake City, UT 84105

Property Details for 951 900

Year built

1896

Construction

WOOD FRAME

Lot size

0.14 AC

Property size (Sq ft)

3,339 SF

Zone code

CB

Property type

Retail residential properties

APN

16-08-180-039

APU

1608180039

Description

This exceptional Class A, multi-tenant retail property in Salt Lake City's desirable 9th & 9th district presents a compelling investment opportunity. The 7,180 square foot building, constructed in 2023, boasts 100% occupancy across seven units, generating a strong net operating income (NOI) of $311,345 and a 5.00% cap rate. Priced at $6,226,900 ($867.26/sq ft), this two-story building sits on a 0.14-acre lot and includes three parking spaces. The property is zoned C and benefits from a prime location with convenient access to I-15/80 freeways, public transportation, and numerous amenities, including City Creek Center, Gallivan Plaza, and Temple Square. The surrounding area features strong demographics, with a growing population and high average household income within a 5-mile radius. This rare, small-sized multi-tenant building offers a unique chance to acquire a stable, high-performing asset in a thriving market. The property's location near the TRAX light rail on 400 South provides excellent accessibility. Nearby amenities include Trolley Square, Smith's Marketplace, Whole Foods, Harmons, and Trader Joe's, further enhancing its appeal. The address is 951 E 900 South, Salt Lake City, UT 84105. APN: 16-08-180-039-0000.

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7501

Longitude

-111.864

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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