Salt Lake City Office
1380 S MAIN St, Salt Lake City, UT 84115
COMMERCIAL - Salt Lake City, UT
Type:Office
Property size:
14,614 SFLot size:
0.72 AcresPrice / SF:
$198/SF- Added:
- Jul 7, 2025
- Days on Market:
- 329
- Last Refresh:
- May 31 at 4:06 pm
Property Features for 1380 S MAIN St
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Rooms
- Basement
- Security features
- Security
- Window features
- Blinds
- Interior features
- Alarm: Security, Basement, Kitchen, Laundry: Central, Refrigerator, Restroom: Private
- Exterior features
- Covered Parking, Paved Parking
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Active
- APN
- 15-13-231-028
- Size
- 14,614 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Carpet, Tile
- Roof type
- Metal
Listing agent Suzanne Love (801) 651-5713
Listing office KW WESTFIELD 998 N 1200 W, Orem, UT (801) 850-5600
Listing date Jul 7, 2025
MLS# 2108873
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime development opportunity in Salt Lake City's rapidly evolving Ballpark neighborhood.
- Located on the border of the historic Smith's/Bee's Ballpark, undergoing a city‑led transformation into a vibrant, mixed‑use community hub.
- Opportunity to be an integral part of the 'Ballpark NEXT' generational transformation.
- Existing 14,614 sq. ft. office building provides a solid foundation for a variety of new uses.
- Seller would consider a short term lease to own option.
- Features include covered parking, paved parking, security alarm, and accessible elevator.
Overview
This 14,614 sq. ft. office building presents a development opportunity in Salt Lake City's Ballpark neighborhood. The property is located on the border of the historic Smith's/Bee's Ballpark, which is planned to be reimagined by the city into a mixed-use community hub. The "Ballpark NEXT" plan includes the adaptive reuse of the stadium into an entertainment venue, along with the addition of new green spaces, housing, entertainment, and retail. The existing building features small kitchens and break rooms, office space and open areas. The property is situated on a 0.72-acre lot. The seller would consider a short-term lease-to-own option. The property is zoned for commercial use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.9k | $21.48 |
| − Vacancy | −$31.4k | −$2.15 |
| EGI | $282.5k | $19.33 |
| − OpEx | −$70.6k | −$4.83 |
| NOI | $211.9k | $14.50 |
14,614 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $211,888 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.94M
$3.45M – $4.59M
NOI $275,606 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
CityLight Church of Salt ...
Church
City Light Church
Church
Rainbow Wellness- Yoga, ...
Wellness Program
Joshua Bravo
Counselor
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.8914685
- Latitude
- 40.7396664
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 14,614 sq. ft. office building in evolving Ballpark neighborhood.
Where is this office building located?
The property is located at 1380 S MAIN St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime development opportunity in Salt Lake City's rapidly evolving Ballpark neighborhood.; Located on the border of the historic Smith's/Bee's Ballpark, undergoing a city‑led transformation into a vibrant, mixed‑use community hub.; Opportunity to be an integral part of the 'Ballpark NEXT' generational transformation.
