1950 Fort Union BlvdSalt Lake City, UT 84121

Property Details for 1950 Fort Union Blvd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

8,067 SF

Zone code

CR

Property type

Medical offices

Property subtype

Medical centers

APN

22-21-483-013

APU

2221483013

Description

This exceptional 8,100 square foot medical office building, situated in the thriving Cottonwood Heights area of Salt Lake City, Utah, presents a unique investment opportunity. Built in 1983 and boasting a Class B rating, this two-story building features a single-tenant occupancy model with 3,944 square feet currently available. The property is conveniently located at 1950 East Fort Union Boulevard, 84121, offering easy access to I-215 and a wealth of nearby amenities. Its prime location on Fort Union Boulevard, just off Highland Drive, ensures high visibility and accessibility for both patients and staff. The building includes elevators for convenient access to both floors. Ample parking is available, catering to the needs of tenants and their clients. The property has undergone recent renovations, enhancing its appeal and functionality for modern medical practices. This is an ideal space for a growing medical practice seeking a well-maintained, conveniently located, and readily accessible office space in a vibrant community. The building's single-tenant occupancy provides a streamlined and efficient operational environment. This opportunity offers a blend of established infrastructure and modern upgrades, making it a compelling choice for discerning medical professionals.

• CAP approach

  CAP return

  Valuation

  6%

  $2,131,148

  6.5%

  $1,967,214

  7%

  $1,826,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,616,224

  Geo Method

  $1,616,224

• Alternative Use

  Use

  Valuation

  Residential

  $2,439,345

  Hospitality

  $2,234,427

  Educational

  $1,859,017

  Medical

  $1,922,951

  Retail

  $2,891,804

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.624

Longitude

-111.836

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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