775 900Salt Lake City, UT 84104

Property Details for 775 900

Year built

1928

Construction

WOOD FRAME

Lot size

0.25 AC

Property size (Sq ft)

4,498 SF

Zone code

CB

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

15-11-206-025

APU

1511206025

Description

This exceptional retail property, located at 775 S. 900 W in Salt Lake City, Utah, presents a unique investment opportunity. Priced at $2,500,000, this 0.25-acre lot boasts a prime corner location, ensuring high visibility and accessibility for potential customers. The property is zoned R-MU-35, offering flexibility for a variety of retail uses. Its strategic placement within a thriving commercial area, surrounded by established national retailers, guarantees a strong customer base. The building itself is well-suited for a commissary operation, featuring four exhaust points, a significant advantage for food-related businesses. This property's combination of ideal location, versatile zoning, and practical building features makes it an exceptional investment prospect for discerning buyers seeking a high-return retail space in a rapidly growing market. The address is 775 S 900 W, Salt Lake City, UT 84104. The property is situated in Salt Lake County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,746,730

  6.5%

  $1,612,366

  7%

  $1,497,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,270,959

  Geo Method

  $2,270,959

• Alternative Use

  Use

  Valuation

  Residential

  $1,360,091

  Hospitality

  $1,245,836

  Educational

  $1,036,521

  Medical

  $1,072,169

  Retail

  $1,612,366

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7523

Longitude

-111.916

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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