Industrial Flex Property with
640 N Main St North Salt Lake, UT 84054
640 N Main St, North Salt Lake, UT, 84054
Contact for pricing
For Sale
Contact for pricing
Pending
Multi-building property with a private LED freeway frontage sign and substantial on-site vacant land for expansion.
Days on Market103
Property Features for 640 N Main St
General Information
- Standard status
- Pending
- Property subtype
- Office
Listing agency
Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Listed by
Truett Chamberlain · License #UT 6494753-SA00
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 1:15PM Checked: Jul 22 at 1:15PM
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 Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Investment Insights
Based on property information with market context.
The property includes a 70,000+ SF building, a 1,200 SF house, and two detached warehouse/garage buildings totaling 5,500 SF (2,500 SF and 3,000 SF). The current owner has also started the process of building a new 16,000 SF structure on the south end of the property, and there is enough vacant land on the south end to add additional space with freeway visibility.
A private LED freeway frontage sign provides exposure to approximately 250,000+ cars per day. Financially, the property is described as having healthy year-over-year NOI, and the CAP rate has potential to increase to 6.1% if the new owner were to lease out spaces the current owner uses.
An adjoining 0.79-acre property with an 8,000 SF building is also available as an add-on option.
A private LED freeway frontage sign provides exposure to approximately 250,000+ cars per day. Financially, the property is described as having healthy year-over-year NOI, and the CAP rate has potential to increase to 6.1% if the new owner were to lease out spaces the current owner uses.
An adjoining 0.79-acre property with an 8,000 SF building is also available as an add-on option.
Key Highlights
- Cap rate potential to increase to 6.1% if the new owner leases the spaces the current owner uses
- Only private LED freeway frontage sign, estimated to reach roughly 250,000+ cars per day
- Includes a 70,000+ SF building, 1,200 SF house, 2,500 SF detached warehouse/garage, and 3,000 SF detached warehouse/garage
Property Analytics
Location Intelligence
Current Use by Public Records
Fenix Fire Protection
General Contractor
GreenLight Business Solutions, ...
(Bike/Boat/Book/etc) Store
Interactive Warning Systems ...
(Bike/Boat/Book/etc) Store
Community Connection Services
Crisis Center
C & D Court ...
Probation Office
Similar For Sale Nearby
Similar Off Market Nearby
- North Salt Lake Location — 581 900 n #2603, north salt lake, ut 84054
- Firehouse Subs North Salt Lake — 490 E 1100 N #5, North Salt Lake, UT 84054
FAQs
What type of property is this?
Flex space - Multi-building property with a private LED freeway frontage sign and substantial on-site vacant land for expansion.
Where is this flex space located?
The property is located at 640 N Main St North Salt Lake, UT.
What are key features of this property?
This property features: Cap rate potential to increase to 6.1% if the new owner leases the spaces the current owner uses; Only private LED freeway frontage sign, estimated to reach roughly 250,000+ cars per day; Includes a 70,000+ SF building, 1,200 SF house, 2,500 SF detached warehouse/garage, and 3,000 SF detached warehouse/garage
