2354 State StSouth Salt Lake, UT 84115

Property Details for 2354 State St

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

10,000 SF

Zone code

ZBUSA

Property type

Retail space

APN

16-19-153-009

APU

1619153009

Description

This exceptional industrial investment opportunity encompasses two warehouse buildings totaling 31,500 square feet situated on a 1.75-acre lot in South Salt Lake, Utah. Located at 2354 S State St, Salt Lake City, UT 84115, this property presents a compelling investment prospect with a list price of $8,000,000. The asking price translates to $254 per square foot, reflecting strong value in the current market. The property's classification as an industrial warehouse makes it suitable for a variety of uses, catering to businesses requiring substantial storage and operational space. Its strategic location within Salt Lake City offers convenient access to major transportation arteries, enhancing logistical efficiency for potential occupants. The substantial lot size provides ample room for expansion or future development, adding further appeal to this investment. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-positioned, sizable warehouse property in a thriving Utah market. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,883,371

  6.5%

  $3,584,650

  7%

  $3,328,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,048,820

  Geo Method

  $5,048,820

• Alternative Use

  Use

  Valuation

  Residential

  $3,023,786

  Hospitality

  $2,769,772

  Educational

  $2,304,418

  Medical

  $2,383,670

  Retail

  $3,584,650

Location Insight

City

South Salt Lake

County

Salt Lake

State

Utah

Latitude

40.7197

Longitude

-111.89

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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