Professional Office Building in
1174 E GRAYSTONE Way, Salt Lake City, UT 84106
COMMERCIAL - Salt Lake City, UT
Type:Office
Property size:
19,099 SFLot size:
0.23 AcresPrice / SF:
$183/SF- Added:
- Feb 12, 2026
- Days on Market:
- 91
- Last Refresh:
- May 14 at 11:06 pm
Property Features for 1174 E GRAYSTONE Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Multi-Family, Commercial
- Rooms
- Basement
- Security features
- Security
- Window features
- Blinds
- Interior features
- Alarm: Security, Basement, Refrigerator, Restroom: Public
- Standard status
- Active
- APN
- 16-29-238-004
- Size
- 19,099 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20420
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1962
- Flooring type
- Tile, Hardwood, Carpet
- Roof type
- Asphalt
Listing agent Cory Waddoups (801) 609-8342
Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT (435) 485-7070
Listing date Feb 12, 2026
MLS# 2136948
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HighLights
- Premier Sugar House location with excellent accessibility off I‑80 and 1300 East.
- Stable income with an attractive 5.6% in‑place cap rate and potential for a 6.2% pro forma cap rate.
- High historical occupancy rate of approximately 90% in 2025.
- Mix of professional, medical, and service‑oriented tenants on full‑service leases.
- Zoned RMF‑35, offering flexibility for investors or owner‑users.
- Security alarm system in place.
Overview
Graystone Professional Plaza is a professional office building located in the Sugar House area of Salt Lake City, situated just off I-80 and 1300 East, providing accessibility in a desirable submarket. The property has an area of approximately 19,099 square feet and contains 33 office suites. These suites are leased to a mix of professional, medical, and service-oriented tenants on a full-service basis. The building maintained approximately 90% average occupancy in 2025. The property is zoned RMF-35, presenting an opportunity for investors or owner-users seeking stable income in a premier location. The lot size is 0.23 acres. The zoning allows for multi-family and commercial use.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Trauma Solutions Counseling
Medical Clinic
Wendy D. Hoyt, ...
Psychotherapist
George J. Limberakis ...
Crisis Center
Liz Spiroff Counseling
Counselor
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.857497
- Latitude
- 40.710694
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Professional office building in a highly desirable Salt Lake location.
Where is this office building located?
The property is located at 1174 E GRAYSTONE Way Salt Lake City, UT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Premier Sugar House location with excellent accessibility off I‑80 and 1300 East.; Stable income with an attractive 5.6% in‑place cap rate and potential for a 6.2% pro forma cap rate.; High historical occupancy rate of approximately 90% in 2025.
