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    55 Redwood Rd Salt Lake City, UT 84116

    For Lease
    $16 SF/Yr

    Turnkey Restaurant, 3000 SF Available

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3,000 square foot retail space at 55 N. Redwood Road in Salt Lake City, Utah, presents a unique opportunity. Currently configured as a restaurant, this turnkey storefront is ideal for a variety of uses, thanks to its CC zoning. The space is available for sublease with a lease expiration date in 2026. The property boasts a newly remodeled exterior, enhancing curb appeal and attracting customers. Ample parking is available for patrons and employees, a significant advantage in a busy urban area. The location benefits from high visibility due to its Redwood Road frontage, ensuring excellent exposure to potential customers. Note that the existing Somali restaurant business, including all equipment, is also available for purchase at $250,000. This turnkey setup offers a significant advantage for a buyer looking for an immediate start. The minimum divisible space is 3,000 square feet, and the maximum contiguous space available is also 3,000 square feet. This property is perfect for an established business seeking expansion or a new venture looking for a ready-to-go location in a thriving Salt Lake City neighborhood. The zip code is 84116.

    Property Features for 55 Redwood Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    Turnkey Restaurant
    Size
    3,000 SF
    Rate per SF
    $16
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rose Park Pediatric ... Pediatric Dentist Cash Clothing Store Somali Restaurant Midnimo Halal Restaurant Western Union Money Transfer Service Golden Angel Massage Massage Spa

    Suggested Use

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

    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
    -111.940372
    Latitude
    40.770679

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Restaurant, 3000 SF Available
    Where is this individual retail property located?
    The property is located at 55 Redwood Rd Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    Request Owner's contact information
    55 Redwood Rd Salt Lake City, UT 84116
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    Salt Lake City, UT 84116
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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
    55 Redwood Rd Salt Lake City, UT 84116
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