857 Main StSalt Lake City, UT 84111

Property Details for 857 Main St

Year built

1925

Construction

WOOD FRAME

Lot size

0.20 AC

Property size (Sq ft)

7,260 SF

Zone code

D2

Property type

Retail properties

Property subtype

Bars

APN

16-07-151-039

APU

1607151039

Description

This exceptional investment opportunity presents a thriving, established regional brewery in Salt Lake City, Utah. The property, located at 857 S Main St, encompasses two buildings totaling 16,550 square feet on a 0.47-acre lot. The main building, constructed in 2015 and extensively renovated in 2020 with a 7,000 square foot addition, houses a brewery, retail space, event areas, and office facilities. An adjacent building at 865 S Main St (Proper Burger) is also included in the sale. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $433,832 and a 7.00% capitalization rate. The asking price is $6,200,000, translating to $374.62 per square foot. The property is offered as a sale-leaseback, with the seller willing to lease back the entire site, providing a secure and consistent income stream for the buyer. This presents a rare chance to acquire a well-established, high-performing commercial property with significant upside potential in a desirable Salt Lake City location. The property features a Triple Net (NNN) lease structure, minimizing landlord responsibilities. The two-story buildings offer a versatile layout, catering to both production and customer-facing operations. This is an ideal investment for those seeking a stable, high-yield asset with a built-in tenant and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,819,312

  6.5%

  $2,602,442

  7%

  $2,416,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,665,443

  Geo Method

  $3,665,443

• Alternative Use

  Use

  Valuation

  Residential

  $2,195,257

  Hospitality

  $2,010,844

  Educational

  $1,672,998

  Medical

  $1,730,535

  Retail

  $2,602,442

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7506

Longitude

-111.891

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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