951 900Salt Lake City, UT 84105
- Mixed-use properties
- 3,339 SF
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
- Mixed-use properties
- Property subtype
- 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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