Property summary
The Royce on 9th, located at 4670 South 900 East in Salt Lake City, UT 84117, presents a unique investment opportunity in a thriving commercial area. This 20,000 square foot retail development sits on a 10.52-acre lot (APN 22-05-376-0006-000) and comprises four single-story buildings constructed in 2021. The property offers flexible space options, with available units ranging from 1,000 to 6,240 square feet, suitable for a variety of retail businesses. Building 201 is available immediately, while Buildings 202 and 203 are slated for completion in Fall 2024. The property is configured as multi-tenant pads and benefits from a strong anchor tenant: 421 residential units. The lease rate is $35 per square foot, with NNN charges of $6 per square foot. Ground leases and build-to-suit options are available for qualified tenants. This prime Salt Lake County location offers excellent visibility and accessibility, making it an ideal location for businesses seeking high-traffic exposure. The property is categorized as retail and land, with residential and commercial subtypes, including drive-thru and endcap options.
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