Industrial Flex Property with
For Sale
Contact for pricing
Pending
640 N Main St, North Salt Lake, UT 84054
Multi-building property with a private LED freeway frontage sign and substantial on-site vacant land for expansion.
Days on Market112
Property Features for 640 N Main St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Listed By:
Truett Chamberlain · License #UT 6494753-SA00
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 30 at 11:57AM
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 Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Investment Insights
Based on property information with market context.
The property includes a 70,000+ SF building, a 1,200 SF house, and two detached warehouse/garage buildings totaling 5,500 SF (2,500 SF and 3,000 SF). The current owner has also started the process of building a new 16,000 SF structure on the south end of the property, and there is enough vacant land on the south end to add additional space with freeway visibility.
A private LED freeway frontage sign provides exposure to approximately 250,000+ cars per day. Financially, the property is described as having healthy year-over-year NOI, and the CAP rate has potential to increase to 6.1% if the new owner were to lease out spaces the current owner uses.
An adjoining 0.79-acre property with an 8,000 SF building is also available as an add-on option.
A private LED freeway frontage sign provides exposure to approximately 250,000+ cars per day. Financially, the property is described as having healthy year-over-year NOI, and the CAP rate has potential to increase to 6.1% if the new owner were to lease out spaces the current owner uses.
An adjoining 0.79-acre property with an 8,000 SF building is also available as an add-on option.
Key Highlights
- Cap rate potential to increase to 6.1% if the new owner leases the spaces the current owner uses
- Only private LED freeway frontage sign, estimated to reach roughly 250,000+ cars per day
- Includes a 70,000+ SF building, 1,200 SF house, 2,500 SF detached warehouse/garage, and 3,000 SF detached warehouse/garage
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84054, UT
21,552
Population
7,658
Households
2.8
Avg Household Size
31
Median Age
41%
College-Educated
94%
High-School Grad
8.6 sq mi
ZIP Area
2,506
Density / Sq Mi
$107,889
Median Household Income
$50,071
Median Earnings
$1,648
Median Rent
$472,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-building property with a private LED freeway frontage sign and substantial on-site vacant land for expansion.
Where is this flex space located?
The property is located at 640 N Main St North Salt Lake, UT.
What are key features of this property?
This property features: Cap rate potential to increase to 6.1% if the new owner leases the spaces the current owner uses; Only private LED freeway frontage sign, estimated to reach roughly 250,000+ cars per day; Includes a 70,000+ SF building, 1,200 SF house, 2,500 SF detached warehouse/garage, and 3,000 SF detached warehouse/garage
