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Restaurant Property with Commercial Kitchen

7321 S Canyon Way, Salt Lake City, UT 84106

For Sale
$15,000,000

Hospitality property with multiple dining areas, private rooms, a bar, lounge spaces, and dedicated parking.

Property SizeContact for details
Days on Market66

Property Features for 7321 S Canyon Way

General Information

Standard status Active
Total Parking Spaces 57

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $84,665
Listing Agency: Align Complete Real Estate Services LLC
Listed By: Tyler B Parrish · License UT #5483191
Source: Exprealty
Added: Sep 10 Changed: Nov 9 Last Checked: Nov 12 at 9:23AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This restaurant property at 7321 S Canyon Way includes a commercial kitchen and hospitality infrastructure arranged around multiple large dining areas, private dining rooms, a bar, and lounge spaces. Expansive windows, abundant natural light, and dramatic views add to the guest-facing environment. The property also includes 57 dedicated parking stalls along with substantial underground parking.

The site offers convenient freeway access and is within minutes of Snowbird, Alta, Solitude, and Brighton. New luxury condominiums, planned upscale apartments, and a Marriott hotel are within walking distance. Business assets, distilling equipment, and barrel-aged spirits inventory are available for negotiation separately, subject to terms.

Key Highlights

  • Commercial kitchen with established hospitality infrastructure
  • Multiple large dining areas, private dining rooms, bar, and lounge spaces
  • 57 dedicated parking stalls plus substantial underground parking

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Parts Store Electrical Service Building Supply Big Box & Wholesale Store Bakery HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

820
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Sinclair Shops & Services
8,746 visits/mo 0.4 miles
Public Storage Shops & Services
1,237 visits/mo 0.4 miles
University Federal Credit Union Shops & Services
836 visits/mo 0.5 miles

Demographics for 84106, UT

35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
Median Home Value

Market

Properties on Market for Conventional restaurants in Salt Lake City

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Salt Lake City, UT

6.5% 2019
7.5% 2020
5% 2021
3.5% 2022
4.2% 2023
4.2% 2024
3.5% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Hospitality property with multiple dining areas, private rooms, a bar, lounge spaces, and dedicated parking.
Where is this conventional restaurant located?
The property is located at 7321 S Canyon Way Salt Lake City, UT.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Commercial kitchen with established hospitality infrastructure; Multiple large dining areas, private dining rooms, bar, and lounge spaces; 57 dedicated parking stalls plus substantial underground parking
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