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    171 Rio Grande St Salt Lake City, UT 84101

    For Lease
    Contact for pricing

    Turnkey Restaurant, 2870 sq ft

    Lot size:
    2,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,870 square foot restaurant space is available for sublease in the heart of downtown Salt Lake City, Utah. Located at 171 S Rio Grande St, in the 84101 zip code, this second-generation restaurant boasts a prime location within Salt Lake County. The entire space, totaling 2,870 square feet, is currently vacant and ready for immediate occupancy. The property is classified as retail and restaurant space with multiple tenancy options. This turnkey opportunity presents a significant advantage for restaurateurs seeking a fully equipped establishment in a high-traffic area. The address offers excellent visibility and accessibility, making it an ideal location to establish or relocate a thriving culinary business. The property's size and layout are well-suited for a variety of restaurant concepts, providing ample space for dining, kitchen operations, and storage. This is a rare chance to secure a fully built-out restaurant space in a desirable downtown location, eliminating the significant time and expense associated with build-outs. The property is situated in Salt Lake County, Utah, offering easy access to major transportation routes and a vibrant urban environment. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 171 Rio Grande St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,870 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,870 SF

    HighLights

    • 2,870 SF second‑generation restaurant space available for sublease in downtown Salt Lake City.
    • One block from the Delta Center.
    • Located in a vibrant area with over 200 annual programmed events.
    • Over 1M square feet of daytime office tenants nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Costa Vida Mexican Restaurant

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Building Supply Daycare Center Gym & Fitness Skin Care Clinic

    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
    -111.9033785
    Latitude
    40.7656851

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, 2870 sq ft
    Where is this restaurant located?
    The property is located at 171 Rio Grande St Salt Lake City, UT.
    What are key features of this property?
    This property features: 2,870 SF second-generation restaurant space available for sublease in downtown Salt Lake City.; One block from the Delta Center.; Located in a vibrant area with over 200 annual programmed events.
    Request Owner's contact information
    171 Rio Grande St Salt Lake City, UT 84101
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    Salt Lake City, UT 84101
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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
    171 Rio Grande St Salt Lake City, UT 84101
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