Multi-Level Restaurant and
For Sale
$5,300,000
44 E EXCHANGE PL, Salt Lake City, UT 84111
Recently converted restaurant property with dining, bar, kitchen, entertainment, and lounge areas across three levels.
Property Size9,032 SF
Days on Market55
Property Features for 44 E EXCHANGE PL
General Information
Standard status
Active
Size
9,032 SF
Property subtype
Retail
Building Details
Building Size
9,032 SF
Year Built
1913
Buildings
1
Listing Agency:
Align Complete Real Estate Services LLC
(801) 214-8033
Listed By:
Tyler B Parrish
(801) 815-5765
Source:
Liftrealty
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 12 at 8:18PM
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 Align Complete Real Estate Services LLC
Investment Insights
Based on property information with market context.
This 1913 property in Downtown Salt Lake City has been converted from office use into a multi-level restaurant and entertainment venue. The main floor combines open dining space, a bar, and a commercial kitchen. An elevated loft adds seating and a second bar with views across the main room, while the lower level provides a private bar-and-lounge setting with space for live music and other entertainment.
The building includes multiple restrooms, substantial back-of-house areas, and dedicated storage. The conversion was completed recently, and the property is presented as prepared for occupancy and restaurant operations. Its address is 44 E Exchange Pl, Salt Lake City, UT 84111.
The building includes multiple restrooms, substantial back-of-house areas, and dedicated storage. The conversion was completed recently, and the property is presented as prepared for occupancy and restaurant operations. Its address is 44 E Exchange Pl, Salt Lake City, UT 84111.
Key Highlights
- Multi‑level restaurant property at 44 E Exchange Pl in Downtown Salt Lake City
- Main floor includes open dining, bar service, and a commercial kitchen
- Lofted upper level provides additional seating and a second bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,586
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,011,720
$3.0M
Cap Rate 7%
$2,151,229
$2.2M
Cap Rate 9%
$1,673,178
$1.7M
Market Conditions
NOI Build-Up for 9,032 SF
Gross rent
$205.9K $22.80/SF
− Vacancy
−$5.1K −$0.57/SF
EGI
$200.8K $22.23/SF
− OpEx
−$50.2K −$5.56/SF
NOI
$150.6K $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%
$3,011,720
Cap Rate 7%
$2,151,229
Cap Rate 9%
$1,673,178
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,586 @ 7.0% cap · market cap 2.84%
Second Best
Industrial
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 1.12%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,335 @ 7.0% cap · market cap 3.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,143
Businesses Nearby
176k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 32%
Shops & Services 26%
McDonald's
Dining
41,636 visits/mo
0.5 miles
Building At 60 Exchange Pl
Hotels & Casinos
21,123 visits/mo
0.1 miles
Kimpton Hotel Monaco Salt Lake City
Hotels & Casinos
14,880 visits/mo
0.4 miles
Mountain America Credit Union
Shops & Services
12,409 visits/mo
0.5 miles
P.F. Chang's
Dining
11,070 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Salt Lake City, UT
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recently converted restaurant property with dining, bar, kitchen, entertainment, and lounge areas across three levels.
Where is this conventional restaurant located?
The property is located at 44 E EXCHANGE PL Salt Lake City, UT.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Multi‑level restaurant property at 44 E Exchange Pl in Downtown Salt Lake City; Main floor includes open dining, bar service, and a commercial kitchen; Lofted upper level provides additional seating and a second bar
