Restaurant Space with
308 West 300 South, Salt Lake City, UT 84101
For Sale
Contact for pricing
A downtown Salt Lake City restaurant property offers on-site parking and access to I-15 and I-80.
Property Size9,946 SF
Price / SF$427.31
Days on Market19
Property Features for 308 West 300 South
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
Onsite Parking
Semi-private Parking Garage
Listing Agency:
Newmark Mountain West
Listed By:
Spencer Greer · License #UT 10484989-SA00
(801) 783-3078
Source:
Crexi
Added: Oct 22
Changed: Nov 9
Last Checked: Nov 8 at 6:08PM
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 Newmark Mountain West
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 9,946 SF restaurant property is suited to continued restaurant use, with on-site parking that includes a semi-private garage. Its downtown Salt Lake City address places the space within the city center, with access to I-15 and I-80.
Key Highlights
- 9,946 SF restaurant space with prior restaurant use
- On‑site parking includes a semi‑private garage
- Downtown Salt Lake City location with access to I‑15 and I‑80
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,825
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,316,500
$3.3M
Cap Rate 7%
$2,368,929
$2.4M
Cap Rate 9%
$1,842,500
$1.8M
Market Conditions
NOI Build-Up for 9,946 SF
Gross rent
$226.8K $22.80/SF
− Vacancy
−$5.7K −$0.57/SF
EGI
$221.1K $22.23/SF
− OpEx
−$55.3K −$5.56/SF
NOI
$165.8K $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%
$3,316,500
Cap Rate 7%
$2,368,929
Cap Rate 9%
$1,842,500
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,825 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,572 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,968
Businesses Nearby
148k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 38%
Hotels & Casinos 22%
McDonald's
Dining
41,636 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
18,366 visits/mo
0.4 miles
Starbucks
Dining
12,817 visits/mo
0.1 miles
Sheraton Salt Lake City Hotel
Hotels & Casinos
10,938 visits/mo
0.3 miles
Chevron
Shops & Services
9,583 visits/mo
0.2 miles
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
Market
Properties on Market for Conventional restaurants in Salt Lake City
Vacancy Rate% for Retail in Salt Lake City, UT
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A downtown Salt Lake City restaurant property offers on-site parking and access to I-15 and I-80.
Where is this conventional restaurant located?
The property is located at 308 West 300 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 9,946 SF restaurant space with prior restaurant use; On‑site parking includes a semi‑private garage; Downtown Salt Lake City location with access to I‑15 and I‑80
