Two-Story Bank
For Sale
$2,250,000
1735 S 300 W, Salt Lake City, UT 84115
Brick construction, a covered drive-through, EV charging stations, and flexible MU-11 zoning support a range of commercial uses.
Property Size5,670 SF
Lot Size0.55 Acres
Price / SF$396.83
Days on Market237
Property Features for 1735 S 300 W
General Information
Standard status
Active
Size
5,670 SF
Lot size
0.55 Acres
Property subtype
Commercial
Zoning
MU-11
Site & Location
Neighborhood
Liberty Wells
Drive-Thru
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,000
Amenities
electric car charging stations
main floor plaza with second story private offices and conference room
bank vault
Building Details
Building Size
5,670 SF
Year Built
1976
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Presidio Real Estate (Commercial)
(801) 251-6683
Listed By:
Blake McDougal · License #11285377-SA00
(801) 898-5411
Source:
Etzelonline
Added: Mar 1
Changed: Oct 24
Last Checked: Oct 23 at 5:16PM
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 Presidio Real Estate (Commercial)
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Investment Insights
Based on property information with market context.
This freestanding, two-story brick bank building contains 5,670 square feet, arranged as 1,890-square-foot floor plates, on a 0.55-acre lot. The main floor includes a plaza, while the upper level has private offices and a conference room. A bank vault remains in place, and electric vehicle charging stations have been installed. The covered drive-through has two lanes.
The property is just off I-15 between two major exits, with access to I-80 and TRAX Central Pointe Station less than one mile away. Costco is across the street. MU-11 Mixed Use zoning allows a range of uses, including multifamily, retail, and office.
The property is just off I-15 between two major exits, with access to I-80 and TRAX Central Pointe Station less than one mile away. Costco is across the street. MU-11 Mixed Use zoning allows a range of uses, including multifamily, retail, and office.
Key Highlights
- 5,670‑square‑foot building on a 0.55‑acre lot
- Two‑story layout with 1,890 SF floor plates
- Covered two‑lane drive‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,533
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,660
$1.9M
Cap Rate 7%
$1,350,471
$1.4M
Cap Rate 9%
$1,050,367
$1.1M
Market Conditions
NOI Build-Up for 5,670 SF
Gross rent
$129.3K $22.80/SF
− Vacancy
−$3.2K −$0.57/SF
EGI
$126.0K $22.23/SF
− OpEx
−$31.5K −$5.56/SF
NOI
$94.5K $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%
$1,890,660
Cap Rate 7%
$1,350,471
Cap Rate 9%
$1,050,367
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,533 @ 7.0% cap · market cap 4.20%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,719 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,931 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
McDonald's
Dining
21,897 visits/mo
0.5 miles
Arby's
Dining
7,365 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,755 visits/mo
0.4 miles
Arctic Circle
Dining
4,701 visits/mo
0.3 miles
Shell
Shops & Services
4,626 visits/mo
0.4 miles
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Bank - Brick construction, a covered drive-through, EV charging stations, and flexible MU-11 zoning support a range of commercial uses.
Where is this bank located?
The property is located at 1735 S 300 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 5,670‑square‑foot building on a 0.55‑acre lot; Two‑story layout with 1,890 SF floor plates; Covered two‑lane drive‑through
