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    132 State St Salt Lake City, UT 84111

    For Lease
    $25 SF/Yr

    Historic Salt Lake City Office Building

    Lot size:
    19,512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This stunning Class A office building, originally constructed in 1905 as The Orpheum Theater, offers 19,512 square feet of prime office space across three stories. A complete renovation in 2017 preserved the building's rich history and architectural details, including its iconic Second Renaissance Revival façade and the original 12-foot Venus statue. The building boasts multiple tenancy options, with four available spaces ranging from 4,936 to 6,504 square feet. Located at 132 State Street in the heart of Salt Lake City, Utah (zip code 84111), this landmark property provides tenants with a unique and prestigious address. The building's history as a beloved theater, later the Promised Valley Playhouse, adds to its character and charm. This is an exceptional opportunity to lease space in a beautifully restored, historically significant building in a vibrant downtown location. The building's impressive features and central location make it an ideal choice for businesses seeking a unique and high-quality office environment. The available spaces offer flexibility for various business needs and sizes.

    Property Features for 132 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,512 SF
    Class
    A
    Total Rate
    40650

    Building Details

    Year Built/Renovated
    1905/2017
    Stories
    3

    Unit(s) available at that property

    Space
    Basement
    Size
    4,936 SF
    Rate per SF
    $25
    Space
    First Floor
    Size
    6,504 SF
    Rate per SF
    $30
    Space
    Second Floor
    Size
    6,504 SF
    Rate per SF
    $30
    Space
    Third Floor
    Size
    6,504 SF
    Rate per SF
    $30

    HighLights

    • 19,512 SF of Class A office space in a beautifully restored 1905 building, featuring a Second Renaissance Revival façade.
    • Four suites available, ranging from 4,936 to 6,504 SF, offering flexible tenancy options.
    • Located at 132 State Street, Salt Lake City, UT 84111, in the Central Business District.
    • One block from City Center TRAX station, half a block from City Creek Center, and within walking distance of restaurants and retail in the On Regent Theater District.
    • Building amenities include a grand lobby, basement space, attached 5‑level covered parking, signage opportunities, and a built‑in lunchroom.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Modal Living Home Builder CommonGrounds Workplace Coworking Space Blink Charging Station Electric Vehicle Charging Station Michael D. Gardner, ... Marriage Or Relationship Counselor Heidi L. Snow, ... Social Worker

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.88812812737
    Latitude
    40.766283506771

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Salt Lake City Office Building
    Where is this office property / space located?
    The property is located at 132 State St Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $25-$30 SF/Yr.
    What are key features of this property?
    This property features: 19,512 SF of Class A office space in a beautifully restored 1905 building, featuring a Second Renaissance Revival façade.; Four suites available, ranging from 4,936 to 6,504 SF, offering flexible tenancy options.; Located at 132 State Street, Salt Lake City, UT 84111, in the Central Business District.
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    Salt Lake City, UT 84111
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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
    132 State St Salt Lake City, UT 84111
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