Freestanding Restaurant and
For Sale
Contact for pricing
145 W Pierpont Ave, Salt Lake City, UT 84101
Freestanding hospitality property with a large main-level storefront featuring three glass roll-up doors and tall ceilings.
Property Size12,800 SF
Price / SF$230.47
Days on Market170
Property Features for 145 W Pierpont Ave
General Information
Standard status
Active
Size
12,800 SF
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Clear Height
14 ft
Listing Agency:
InterNet Properties
Listed By:
Nico Priskos · License #9181934-SA00
(801) 355-0600
Source:
Moodyscre
Added: Apr 27
Changed: Oct 11
Last Checked: Oct 12 at 7:21PM
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 InterNet Properties
Investment Insights
Based on property information with market context.
This freestanding hospitality property is built for nightlife and food service operations, with a large main-level storefront that includes three glass roll-up doors and tall 14' ceilings. A lower level is also available to be operated independently from the main/upper levels.
The offering includes existing kitchen hood and grease trap infrastructure. The location is described as steps from the Salt Palace Convention Center, Delta Center, and an emerging downtown entertainment district.
The building provides clear vertical separation between levels for flexible operating layouts, supported by the included kitchen ventilation and grease management systems.
The offering includes existing kitchen hood and grease trap infrastructure. The location is described as steps from the Salt Palace Convention Center, Delta Center, and an emerging downtown entertainment district.
The building provides clear vertical separation between levels for flexible operating layouts, supported by the included kitchen ventilation and grease management systems.
Key Highlights
- Freestanding hospitality/retail property steps from the Salt Palace Convention Center, Delta Center, and the emerging downtown entertainment district
- Large main‑level storefront with 3 glass roll‑up doors and tall 14' ceilings
- Lower level may be operated independently from the main/upper levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,408
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,268,160
$4.3M
Cap Rate 7%
$3,048,686
$3.0M
Cap Rate 9%
$2,371,200
$2.4M
Market Conditions
NOI Build-Up for 12,800 SF
Gross rent
$291.8K $22.80/SF
− Vacancy
−$7.3K −$0.57/SF
EGI
$284.5K $22.23/SF
− OpEx
−$71.1K −$5.56/SF
NOI
$213.4K $16.67/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,268,160
Cap Rate 7%
$3,048,686
Cap Rate 9%
$2,371,200
Alternative Uses
Best Use
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,408 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,976 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,395 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
7,615
Businesses Nearby
296k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 33%
Apparel 32%
Dining 26%
Shops & Services 9%
Nordstrom
Apparel
93,717 visits/mo
0.4 miles
McDonald's
Dining
41,636 visits/mo
0.3 miles
Building At 60 Exchange Pl
Hotels & Casinos
21,123 visits/mo
0.3 miles
Hyatt House Salt Lake City/Downtown
Hotels & Casinos
15,268 visits/mo
0.4 miles
Kimpton Hotel Monaco Salt Lake City
Hotels & Casinos
14,880 visits/mo
0.2 miles
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Salt Lake City, UT
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding hospitality property with a large main-level storefront featuring three glass roll-up doors and tall ceilings.
Where is this bar & pub located?
The property is located at 145 W Pierpont Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Freestanding hospitality/retail property steps from the Salt Palace Convention Center, Delta Center, and the emerging downtown entertainment district; Large main‑level storefront with 3 glass roll‑up doors and tall 14' ceilings; Lower level may be operated independently from the main/upper levels
