Bar with Liquor
16 W 4800 S, Millcreek, UT 84107
For Sale
$2,300,000
The sale includes the operating business and its real property.
Property Size7,004 SF
Price / SF$328.38
Days on Market102
Property Features for 16 W 4800 S
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Liquor License
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Equity Real Estate (Solid)
(801) 208-5872
Listed By:
Troy Peterson
(801) 699-2238
Source:
Etzelonline
Added: Jul 29
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 Equity Real Estate (Solid)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bar property includes the building, operating business, and an active liquor license. The business has been in operation for more than 40 years. The building dates to 1962 and is reported at 7,004 square feet; buyers should verify the area. Zoning is designated CDC.
The property sale also includes parcel #21-12-229-003. Showings are by appointment with the listing agent.
The property sale also includes parcel #21-12-229-003. Showings are by appointment with the listing agent.
Key Highlights
- Sale includes the bar business, building, and real property
- Active liquor license included
- Operating history of more than 40 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,391
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,247,820
$2.2M
Cap Rate 7%
$1,605,586
$1.6M
Cap Rate 9%
$1,248,789
$1.2M
Market Conditions
NOI Build-Up for 7,004 SF
Gross rent
$153.8K $21.96/SF
− Vacancy
−$4.0K −$0.56/SF
EGI
$149.9K $21.40/SF
− OpEx
−$37.5K −$5.35/SF
NOI
$112.4K $16.05/SF
Area
Salt Lake County, UT
Vacancy
2.57%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,247,820
Cap Rate 7%
$1,605,586
Cap Rate 9%
$1,248,789
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.40M – $1.87M
NOI $112,391 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$93.26M
$81.60M – $108.80M
NOI $6,528,259 @ 7.0% cap · market cap 283.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,228
Businesses Nearby
381k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Dining 35%
Shops & Services 19%
Hotels & Casinos 6%
Costco Wholesale
Superstores
148,213 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
51,956 visits/mo
0.2 miles
Chick-fil-A
Dining
49,265 visits/mo
0.2 miles
Starbucks
Dining
23,474 visits/mo
0.2 miles
Home2 Suites by Hilton Salt Lake City-Murray, UT
Hotels & Casinos
15,544 visits/mo
0.4 miles
Demographics for 84107, UT
37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Crow and the Pitcher — 4883 S State St, Murray, UT 84107
Frequently Asked Questions
What type of property is this?
Bar & Pub - The sale includes the operating business and its real property.
Where is this bar & pub located?
The property is located at 16 W 4800 S Millcreek, UT.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Sale includes the bar business, building, and real property; Active liquor license included; Operating history of more than 40 years
