1017 Main StSalt Lake City, UT 84111

Property Details for 1017 Main St

Year built

1929

Construction

WOOD FRAME

Lot size

0.16 AC

Property size (Sq ft)

3,797 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16-07-301-004

APU

1607301004

Description

This exceptional 3,797-square-foot freestanding restaurant in Salt Lake City, Utah, presents a truly turnkey opportunity. Located at 1017 S Main St, 84111, in Salt Lake County, this single-tenant retail space is completely vacant and ready for immediate occupancy. The property boasts an existing liquor license, included in the lease, eliminating a significant hurdle for new operators. All furniture, fixtures, and equipment (FF&E) are also included, saving substantial time and capital investment. The building's prime location offers excellent freeway access, ensuring high visibility and convenient access for customers and employees. The surrounding neighborhood is known for its unique and thriving businesses, creating a vibrant and supportive environment. The property also features controlled-access employee parking, providing a secure and convenient parking solution for staff. This is an unparalleled opportunity to acquire a fully operational restaurant with all the necessary permits and equipment in place, ready to generate revenue from day one. The property's size and features make it ideal for a variety of restaurant concepts. Don't miss this chance to establish your culinary vision in a prime Salt Lake City location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,474,509

  6.5%

  $1,361,085

  7%

  $1,263,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,917,037

  Geo Method

  $1,917,037

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,126

  Hospitality

  $1,051,678

  Educational

  $874,983

  Medical

  $905,075

  Retail

  $1,361,085

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7469

Longitude

-111.891

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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