Downtown Mixed-Use Development
New
For Sale
$5,000,000
307 E 300 S, Salt Lake City, UT 84111
An operating self-service car wash and a brick building occupied by two businesses are already on the property.
Property Size8,600 SF
Days on Market4
Property Features for 307 E 300 S
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Retail
Site & Location
Neighborhood
Capitol Hill
Building Details
Building Size
8,600 SF
Year Built
1914
Listing Agency:
Lift Realty
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:48PM
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 Lift Realty
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Investment Insights
Based on property information with market context.
This 0.63-acre corner property combines an operating self-service car wash with a brick building leased to two businesses. The building dates to 1914 and is not listed on the historic register. MU-8 zoning allows building heights up to 90 feet and supports residential, office, hospitality, and ground-floor retail uses, creating options for a mixed-use redevelopment. Existing operations and tenants provide current activity at the site while plans are considered.
The property is in Salt Lake City’s Transit Context, where parking minimums do not apply. It is near the TRAX line and within walking distance of City Creek Center. The site is located at 307 E 300 S, at the 300 South and 300 East corner.
The property is in Salt Lake City’s Transit Context, where parking minimums do not apply. It is near the TRAX line and within walking distance of City Creek Center. The site is located at 307 E 300 S, at the 300 South and 300 East corner.
Key Highlights
- 0.63‑acre corner site at 300 South and 300 East
- MU‑8 zoning allows building heights up to 90 feet
- Operating self‑service car wash and brick building leased to two businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,384
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,867,680
$2.9M
Cap Rate 7%
$2,048,343
$2.0M
Cap Rate 9%
$1,593,156
$1.6M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$196.1K $22.80/SF
− Vacancy
−$4.9K −$0.57/SF
EGI
$191.2K $22.23/SF
− OpEx
−$47.8K −$5.56/SF
NOI
$143.4K $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%
$2,867,680
Cap Rate 7%
$2,048,343
Cap Rate 9%
$1,593,156
Alternative Uses
Best Use
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,384 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$1.84M
$1.61M – $2.14M
NOI $128,498 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,187 @ 7.0% cap · market cap 3.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 15%
Hotels & Casinos 13%
Home Improvements & Furnishings 9%
Chevron
Shops & Services
11,645 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,857 visits/mo
0.2 miles
Salt Lake City Market AT 4th West
Groceries
4,585 visits/mo
0.2 miles
Hyatt Place
Hotels & Casinos
3,995 visits/mo
0.5 miles
City Ace Hardware-Marmalade
Home Improvements & Furnishings
2,939 visits/mo
0.2 miles
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
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Market
Vacancy Rate% for Retail in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Commercial land - An operating self-service car wash and a brick building occupied by two businesses are already on the property.
Where is this commercial land located?
The property is located at 307 E 300 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 0.63‑acre corner site at 300 South and 300 East; MU‑8 zoning allows building heights up to 90 feet; Operating self‑service car wash and brick building leased to two businesses
