39 Exchange PlSalt Lake City, UT 84111

Property Details for 39 Exchange Pl

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

19,819 SF

Zone code

D-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-06-301-014

APU

1606301014

Description

This stunning 17,787 square foot executive office building, located at 39 E Exchange Pl in Salt Lake City, Utah, presents a unique investment opportunity. Built in 1910, this landmark property sits on 0.38 acres in the heart of Salt Lake City's Central Business District, offering unparalleled access to the vibrant downtown area. Its prime location places it within easy reach of the Gallivan Center and City Creek Mall, providing employees and visitors with abundant retail, entertainment, and recreational options. The building's historical significance adds to its prestige and appeal, making it an ideal location for discerning businesses seeking a sophisticated and well-situated office space. The asking price is $6,900,000. The property boasts approximately 4 parking spaces per 1000 square feet. Furthermore, its designation as an Opportunity Zone presents significant tax advantages for potential investors. This property is perfectly suited for an owner-user seeking a prestigious and conveniently located headquarters. The building's classic architecture and modern amenities combine to create a truly exceptional workspace in the heart of a thriving city. This is a rare chance to acquire a piece of Salt Lake City history and a highly desirable commercial property. The zip code is 84111.

• CAP approach

  CAP return

  Valuation

  6%

  $6,492,198

  6.5%

  $5,992,798

  7%

  $5,564,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,154,642

  Geo Method

  $6,154,642

• Alternative Use

  Use

  Valuation

  Residential

  $5,992,798

  Hospitality

  $5,489,371

  Educational

  $4,567,092

  Medical

  $4,724,162

  Retail

  $7,104,366

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7616

Longitude

-111.89

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].