2561 State StSouth Salt Lake, UT 84115
- Retail properties
- 3,040 SF
Property Details for 2561 State St
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 3,040 SF
- Zone code
- CC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 16-19-307-002
- APU
- 1619307002
Description
Own a vibrant, established African import business located at 2561 S State St, South Salt Lake, UT 84115. This 1,800 square foot store boasts a diverse product range, including clothing, accessories, art, and groceries sourced directly from various African countries. The business offers an authentic experience, carefully selecting high-quality items to bring a piece of Africa to customers. Its prime location in a high-traffic area ensures excellent visibility and a steady flow of customers. The store has cultivated a loyal customer base who appreciate the unique offerings and personalized service. This well-established business is a beloved community hub, known for its warm and welcoming atmosphere. The asking price is $80,000. This presents a unique opportunity for an entrepreneur to either continue the existing successful operation or to implement their own vision and build upon the existing foundation. The business is for sale by owner and offers endless possibilities for growth and expansion within the thriving South Salt Lake community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,180,546
- 6.5%
- $1,089,735
- 7%
- $1,011,896
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,534,841
- Geo Method
- $1,534,841
-
Alternative Use
- Use
- Valuation
- Residential
- $919,232
- Hospitality
- $842,012
- Educational
- $700,544
- Medical
- $724,636
- Retail
- $1,089,735
Location Insight
- City
- South Salt Lake
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.715
- Longitude
- -111.888
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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