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    345 E Broadway Salt Lake City, UT 84111

    For Sale
    $5,950,000

    Three-level office building on 0.63 acres in Salt Lake City.

    Property size:
    20,230 SF
    Lot size:
    0.63 Acres

    Property Features for 345 E Broadway

    General Information

    Size
    20,230 SF
    Lot size
    0.63 Acres

    Source: Colliers | Salt Lake City Millrock Agent Peggy Garcia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Building on 0.63 Acres

    The property includes an existing three-level office building with two levels above grade and a basement. The gross building area totals 20,230 square feet, with 14,230 square feet on the main and second levels and 6,000 square feet in the basement. Constructed in 1973, the building features concrete and frame construction with a brick exterior. The top floor cantilevers over the driveway, providing some covered parking stalls. The 0.63-acre site is secured with a decorative locking gate and fencing. There are 56 parking stalls, equating to a ratio of 3.94 stalls per 1,000 rentable square feet. The property is zoned R-MU (residential mixed use). The site measures 82.50 feet along 300 South and is 331.40 feet deep. The highest and best use for the property is multi-family, commercial, or office development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro National Title: ... Insurance Agency Metro National Title Title Company FedEx Drop Box Mailing Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.881183
    Latitude
    40.763006

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    FAQs

    What type of property is this?
    Office building - Three-level office building on 0.63 acres in Salt Lake City.
    Where is this office building located?
    The property is located at 345 E Broadway Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: - Zoning: R-MU (residential mixed use) allows for multi-family, commercial, or office development.; - Sizeable Building: **20,230 sq ft gross building area** with main, second, and basement levels.; - Ample Parking: **56 parking stalls** (3.94/1000 RSF).
    (801) 947-8300
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    345 E Broadway Salt Lake City, UT 84111
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    Salt Lake City, UT 84111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    345 E Broadway Salt Lake City, UT 84111
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