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    150 3300 South Salt Lake, UT 84115

    Sponsored
    For Sale
    $1,575,000

    Prime Retail Investment Opportunity in Utah

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional South Salt Lake property presents a lucrative investment opportunity, combining a restaurant space and a sizable warehouse. Priced at $1,575,000, this retail building boasts a strong 6.50% cap rate and a net operating income (NOI) of $102,194. The property features a 2,000 square foot restaurant space, currently occupied by Papa Murphy's, which will vacate upon closing. Adjacent is a 4,500 square foot warehouse, offering flexibility for the new owner

    Property Features for 150 3300

    General Information

    Property type
    Restaurants

    HighLights

    • 2,000 SF restaurant space available upon closing.
    • 4,500 SF warehouse space; existing tenant may vacate.
    • $1,575,000 sales price.
    • Excellent South Salt Lake location with numerous amenities nearby.
    • Convenient access to I‑15 and downtown Salt Lake City.
    • 13 on‑site parking spaces plus ample street and nearby lot parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa Murphy's | Take ... Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8865117
    Latitude
    40.6994237

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Investment Opportunity in Utah
    Where is this restaurant located?
    The property is located at 150 3300 South Salt Lake, UT.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: 2,000 SF restaurant space available upon closing.; 4,500 SF warehouse space; existing tenant may vacate.; $1,575,000 sales price.
    Request Owner's contact information
    150 3300 South Salt Lake, UT 84115
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    South Salt Lake, UT 84115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 3300 South Salt Lake, UT 84115
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