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Commercial Building Near Fashion Place Mall

184 E 5900 S, Murray, UT 84107

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For Sale

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2,972 SF commercial building with value-add opportunity near Fashion Place.

Type:Office

Property size:

2,972 SF

Price / SF:

$243/SF

HighLights

Highly desirable central Salt Lake location near Fashion Place Mall with excellent I‑215 access.
Value‑add opportunity through lease‑up at market rates ($4,000–$5,000/month) from current $3,000/month NNN.
2,972 SF commercial building with a ±600 SF unfinished basement for storage.
Flexibility for owner‑user or investor seeking stable income with upside potential.
Strong demographics and established retail/service uses in the surrounding area.
Convenient ingress/egress and proximity to major transportation and transit corridors.

We can help!

Contact an agent

Elliot Abel

Learn more

For Sale

Contact for pricing

2,972 SF commercial building with value-add opportunity near Fashion Place.

Type:Office

Property size:

2,972 SF

Price / SF:

$243/SF

Added:: Jan 26, 2026
Days on Market:: 152
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 184 E 5900 S

General Information

Standard status: Active
Size: 2,972 SF
Property subtype: Office

We can help!

Contact an agent

Elliot Abel

Listing office Investment Realty Advisors

Listing date Jan 26, 2026

Source Crexi

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 Investment Realty Advisors

HighLights

Highly desirable central Salt Lake location near Fashion Place Mall with excellent I‑215 access.
Value‑add opportunity through lease‑up at market rates ($4,000–$5,000/month) from current $3,000/month NNN.
2,972 SF commercial building with a ±600 SF unfinished basement for storage.
Flexibility for owner‑user or investor seeking stable income with upside potential.
Strong demographics and established retail/service uses in the surrounding area.
Convenient ingress/egress and proximity to major transportation and transit corridors.

Overview

This well-located commercial building offers 2,972 square feet of space, complemented by an additional unfinished basement of approximately 600 square feet, suitable for storage or other ancillary purposes. The property is currently leased on a month-to-month basis at $3,000 per month NNN, presenting immediate flexibility for an owner-user or a value-add opportunity through lease-up at market rates. Comparable properties in the area are achieving $4,000–$5,000 per month. The property is located just south of Fashion Place Mall, in a central Salt Lake location with access to I-215. The surrounding area features strong demographics, established retail and service uses, convenient ingress/egress, and proximity to major transportation and transit corridors. This property is suited for investors seeking stable in-place income with upside, or owner-users looking for a strategically located building with future income potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$63.8k	$21.48
− Vacancy	−$6.4k	−$2.15
EGI	$57.5k	$19.33
− OpEx	−$14.4k	−$4.83
NOI	$43.1k	$14.50

2,972 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$615.6K

$538.6K – $718.2K (±1% cap)

NOI $43,091 @ 7.0% cap · market cap 5.94%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$39.57M

$34.63M – $46.17M (±1% cap)

NOI $2,770,129 @ 7.0% cap · market cap 382.09%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Murray
County: Salt Lake
State: Utah
Longitude: -111.88594
Latitude: 40.64248

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For sale
Office buildings
UT
Murray
84107
184 E 5900 S

What type of property is this?

Office building - 2,972 SF commercial building with value-add opportunity near Fashion Place.

Where is this office building located?

The property is located at 184 E 5900 S Murray, UT.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Highly desirable central Salt Lake location near Fashion Place Mall with excellent I‑215 access.; Value‑add opportunity through lease‑up at market rates ($4,000–$5,000/month) from current $3,000/month NNN.; **2,972 SF commercial building** with a ±600 SF unfinished basement for storage.