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

Investment properties

Property subtype

Retail residential 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

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