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Mixed-Use Apartment and Restaurant
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231 S Edison St, Salt Lake City, UT 84111

Completely renovated property with 8 luxury lofts and a ground-level upscale restaurant under a 12-year NNN lease.

Property SizeContact for details
Days on Market121

Property Features for 231 S Edison St

General Information

Standard status Active
Property subtype Multifamily, Mixed Use
Listing Agency: Wadsworth Multifamily
Listed By: Jason Wadsworth · License #UT 9828251-SA00
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wadsworth Multifamily

Investment Insights

Based on property information with market context.

The Warhol is a completely renovated multifamily mixed-use property featuring 8 high-end luxury residential lofts averaging 1,770 SF. The ground level is improved with an upscale restaurant space occupied by Franklin Avenue Cocktails & Kitchen.

The restaurant is covered by a 12-year NNN lease. The property is located in the heart of Downtown Salt Lake City at 231 S Edison St.

Designed as a combined residential and restaurant asset, the building supports both the loft accommodations and the street-level dining use within the same fully renovated structure.

Key Highlights

  • Completely renovated multifamily mixed‑use property in downtown Salt Lake City
  • 8 luxury residential lofts totaling an average of 1,770 SF per unit
  • Ground‑level upscale restaurant: Franklin Avenue Cocktails & Kitchen

Property Analytics

Current Use

The Warhol Lofts Apartment Building Franklin Ave Cocktails ... Restaurant

Suggested Use

Top Pick Building Supply Auto Parts Store Veterinary Clinic (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,496
Businesses Nearby

Demographics for 84111, UT

12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Completely renovated property with 8 luxury lofts and a ground-level upscale restaurant under a 12-year NNN lease.
Where is this apartment building located?
The property is located at 231 S Edison St Salt Lake City, UT.
What are key features of this property?
This property features: Completely renovated multifamily mixed‑use property in downtown Salt Lake City; 8 luxury residential lofts totaling an average of 1,770 SF per unit; Ground‑level upscale restaurant: Franklin Avenue Cocktails & Kitchen
More about this property
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