3480 Highland DrSalt Lake City, UT 84106

Property Details for 3480 Highland Dr

Year built

1948

Construction

WOOD FRAME

Lot size

0.20 AC

Property size (Sq ft)

1,682 SF

Zone code

R-M

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-33-105-019

APU

1633105019

Description

This exceptional 0.2-acre commercial property located at 3480 S Highland Dr, Millcreek, UT 84106, presents a unique investment opportunity. Situated in Salt Lake County, this land parcel boasts a substantial 1,682 square foot building, ideal for a variety of commercial uses. The property's zoning is designated R-M, offering flexibility for potential development or redevelopment. Ample parking is available with 15 designated stalls, ensuring convenient access for employees and customers. The property's prime location in Salt Lake City provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a well-established area with high foot traffic potential. The existing building provides immediate occupancy potential, allowing for a swift return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Utah market. The 0.2-acre lot size offers potential for expansion or future development, subject to local zoning regulations. Serious inquiries are encouraged to explore the full potential of this valuable asset. Detailed site plans and zoning information are available upon request. This property is being offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $550,987

  6.5%

  $508,603

  7%

  $472,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $522,332

  Geo Method

  $522,332

• Alternative Use

  Use

  Valuation

  Residential

  $508,603

  Hospitality

  $465,878

  Educational

  $387,605

  Medical

  $400,935

  Retail

  $602,941

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6958

Longitude

-111.85

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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