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    365 Paxton Ave Salt Lake City, UT 84101

    For Lease
    $24 SF/Yr

    Prime Salt Lake City retail space, 1600 sq ft.

    Lot size:
    1,671 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A retail space, located at 365 Paxton Ave in Salt Lake City, Utah, offers 1,600 to 1,671 square feet of highly visible commercial space within the newly developed Paxton 365 mixed-use project. Built in 2020, this first-generation space boasts floor-to-ceiling windows, maximizing natural light and providing excellent street visibility. The property is zoned commercial (APN 15-12-381-027) and situated in a thriving retail corridor, just west of 300 West. Benefit from the high traffic generated by neighboring major retailers including Target, Walmart, Lowe's, Home Depot, Costco, and Best Buy. The Paxton 365 development also includes 121 market-rate residential units, currently 100% occupied, ensuring a consistent flow of potential customers. An adjacent, locally-owned bar/restaurant is currently under construction, further enhancing the area's vibrancy. Please note that the space is not suitable for restaurant tenants requiring hood vents. The minimum divisible space is 1,600 square feet, with a maximum contiguous space of 1,600 square feet. This is a fantastic opportunity for a retailer seeking a prominent location in a rapidly growing area of Salt Lake City.

    Property Features for 365 Paxton Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,671 SF
    Class
    A

    Building Details

    Year Built
    2020

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,671 SF
    Rate per SF
    $24

    HighLights

    • 1,600‑1,671 SF of Class A retail space in Salt Lake City's Paxton 365 mixed‑use development.
    • Located at 365 Paxton Ave, built in 2020, with floor‑to‑ceiling windows and excellent street visibility.
    • Situated in a high‑traffic retail corridor near Target, Walmart, Lowe's, Home Depot, Costco, and Best Buy.
    • Part of a development with 121 occupied residential units, ensuring a strong customer base.
    • Minimum 1,600 SF, not suitable for restaurants requiring hood vents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paxton 365 Apartment Building First Choice Electricians Electrical Installation Service Paxton Pub Bar

    Suggested Use

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

    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
    -111.9016888
    Latitude
    40.7434073

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    FAQs

    What type of property is this?
    Retail property - Prime Salt Lake City retail space, 1600 sq ft.
    Where is this retail property located?
    The property is located at 365 Paxton Ave Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,600-1,671 SF of Class A retail space in Salt Lake City's Paxton 365 mixed-use development.; Located at 365 Paxton Ave, built in 2020, with floor-to-ceiling windows and excellent street visibility.; Situated in a high-traffic retail corridor near Target, Walmart, Lowe's, Home Depot, Costco, and Best Buy.
    Request Owner's contact information
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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
    365 Paxton Ave Salt Lake City, UT 84101
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