8 BroadwaySalt Lake City, UT 84111

Property Details for 8 Broadway

Year built

1907

Construction

CONCRETE

Lot size

0.32 AC

Property size (Sq ft)

99,450 SF

Zone code

D-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-06-153-001

APU

1606153001

Description

This exceptional 1,965 square foot restaurant space is available for lease at 8 East Broadway in the heart of Salt Lake City, Utah. Located in Salt Lake County, this single-tenancy property offers a fantastic opportunity for a new or expanding food service business. The property's convenient downtown location provides high visibility and accessibility to a large customer base. The existing layout is well-suited for a restaurant operation, although modifications may be necessary to suit a specific tenant's needs. The address is 8 East Broadway, Salt Lake City, UT 84111. The property is classified as Commercial, specifically a Restaurant, and offers a total of 1,965 square feet of space. This presents a significant opportunity for a business seeking a well-positioned space in a vibrant urban setting. The property's location offers easy access to various transportation options, making it convenient for both staff and customers. Further details regarding lease terms and conditions are available upon request. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this prime commercial real estate opportunity in the bustling downtown Salt Lake City area. The property is situated at latitude 40.7625841 and longitude -111.8906101.

• CAP approach

  CAP return

  Valuation

  6%

  $32,577,274

  6.5%

  $30,071,330

  7%

  $27,923,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,883,452

  Geo Method

  $30,883,452

• Alternative Use

  Use

  Valuation

  Residential

  $30,071,330

  Hospitality

  $27,545,176

  Educational

  $22,917,264

  Medical

  $23,705,422

  Retail

  $35,649,076

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7625

Longitude

-111.891

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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