248 900Salt Lake City, UT 84101

Property Details for 248 900

Year built

1919

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

1,200 SF

Zone code

D2

Property type

Turn key restaurants

APN

15-12-252-031

APU

1512252031

Description

This exceptional 1,200-square-foot retail space, located at 248 W 900 S in Salt Lake City, UT 84101, presents a unique leasing opportunity. Situated on a corner lot in the vibrant Central 9th neighborhood, this single-tenant building boasts significant historic charm, having been built in 1930 and renovated in 2010. The property is zoned FBUN-2 and benefits from its location within the Granary submarket cluster. The building features one story and offers five parking spaces for customer convenience. Its prime location places it just one block from the TRAX light rail system, ensuring excellent accessibility. Surrounded by new apartment complexes and a diverse retail environment, this property enjoys high visibility and foot traffic. Recent neighborhood improvements include enhanced parking, biking infrastructure, and streetscape enhancements, further boosting its appeal. Currently occupied by a donut and coffee shop (please do not disturb the tenant), this property is ideal for a variety of retail uses. This is a rare chance to secure a freestanding building in one of Salt Lake City's most dynamic areas.

• CAP approach

  CAP return

  Valuation

  6%

  $466,002

  6.5%

  $430,156

  7%

  $399,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,858

  Geo Method

  $605,858

• Alternative Use

  Use

  Valuation

  Residential

  $362,852

  Hospitality

  $332,371

  Educational

  $276,529

  Medical

  $286,039

  Retail

  $430,156

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.75

Longitude

-111.899

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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