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    Freestanding Restaurant Building For Rent Title is generated by Realmo AI

    202 W Broadway, Salt Lake City, UT

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    Freestanding restaurant building in a great downtown location.

    Type:RETAIL
    Property size:
    10,000 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $290/SF
    Added:
    Nov 24, 2025
    Days on Market:
    202
    Last Refresh:
    May 20 at 8:07 pm

    Property Features for 202 W Broadway

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.18 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 202 W Broadway Contact us

    We can help!

    Listing Contact
    Nico Priskos

    Listing agent Nico Priskos License #UT 5478741-PB0

    Listing office InterNet Properties

    Listing date Nov 24, 2025

    Source Moodyscre

    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

    HighLights

    • Freestanding Restaurant Building on Highly Visible Corner
    • Large Kitchen with Hoods, Grease Trap, Walk‑In Cooler and Freezer
    • Great Downtown Location
    • Prominent Signage Facing 200 West & 300 South
    • Close Proximity to Proposed Entertainment District, Convention Center, Theaters
    • Building Split Between Two Levels with Elevator Access

    Overview

    This freestanding restaurant building is situated on a highly visible corner in a great downtown location. The property is in close proximity to a proposed entertainment district, convention center, theaters, and other downtown amenities. Prominent signage faces 200 West and 300 South. The large kitchen includes hoods, a grease trap, a walk-in cooler and freezer, and other equipment. The building is split between two levels with elevator access to the second level. The property size is 10000 square feet.

    Local Financial Insights For Specialty Retail

    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 $228.0k $22.80
    − Vacancy −$5.7k −$0.57
    EGI $222.3k $22.23
    − OpEx −$55.6k −$5.56
    NOI $166.7k $16.67
    10,000 SF · lease $22.80/SF/yr · vacancy 2.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.38M
    $2.08M – $2.78M (±1% cap)
    NOI $166,725 @ 7.0% cap · market cap 5.75%
    Second Best
    Retail
    $2.13M
    $1.87M – $2.49M (±1% cap)
    NOI $149,416 @ 7.0% cap · market cap 5.15%
    Theoretical Best
    Office A
    $2.69M
    $2.36M – $3.14M (±1% cap)
    NOI $188,590 @ 7.0% cap · market cap 6.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Similar Places Nearby

    • Saffron Valley - Avenues — 26 E St, Salt Lake City, UT 84103
    • Porteña Empanadas — 310 E 400 S, Salt Lake City, UT 84111
    • Zahara — Salt Lake City, UT 84111

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.897
    Latitude
    40.7631

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant building in a great downtown location.
    Where is this restaurant located?
    The property is located at 202 W Broadway 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: Freestanding Restaurant Building on Highly Visible Corner; Large Kitchen with Hoods, Grease Trap, Walk‑In Cooler and Freezer; Great Downtown Location
    (801) 355-0600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nico Priskos
    Real Estate License ID: UT 5478741-PB0
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