50 Redwood RdSalt Lake City, UT 84116

Property Details for 50 Redwood Rd

Year built

1954

Construction

STEEL FRAME

Lot size

14.48 AC

Property size (Sq ft)

27,783 SF

Zone code

TSAMUE

Property type

Retail properties

Property subtype

Auto shops

APN

15-03-126-008

APU

1503126008

Description

This exceptional Salt Lake City industrial property, situated on a substantial 14.48-acre fenced and secured lot, presents a unique investment opportunity. The property boasts a diverse range of improvements, including an 18,887 square foot canopy, a 35,985 square foot dry storage warehouse, and significant office and canopy space totaling 9,520 square feet. Additional structures include a 1,795 square foot car wash and a 696 square foot detail shop. The site also offers approximately 3,000 parking stalls, adding significant potential for various uses. Built in 1954 with renovations completed in 1997, the property features 16-foot ceilings and benefits from readily available power capabilities within the yard. Its strategic location in the highly desirable Power District provides quick access to major freeways including I-15, I-215, I-80, and Redwood Road. The TSA-MUEC-T (Transit Station-Mixed Use Employment Center) zoning allows for a wide array of development possibilities. This single-tenant property offers a rare combination of size, functionality, and location, making it an ideal asset for a variety of industrial and commercial uses. The property is located at 50 S Redwood Rd, Salt Lake City, UT 84116.

• CAP approach

  CAP return

  Valuation

  6%

  $10,789,076

  6.5%

  $9,959,147

  7%

  $9,247,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,027,137

  Geo Method

  $14,027,137

• Alternative Use

  Use

  Valuation

  Residential

  $8,400,914

  Hospitality

  $7,695,192

  Educational

  $6,402,309

  Medical

  $6,622,494

  Retail

  $9,959,147

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7682

Longitude

-111.941

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].