633 3300 South Salt Lake, UT 84106
- Individual retail properties
- 49,020 SF
- 4.22 lot acres
Current Use by Public Records
- Ute CrossFit / Gym / Personal Trainer
- PR Health LLC / Health Consultant
- VAST Chiropractic, Inc / Chiropractor / Massage Therapist
- Tanabata Japanese Restaurant / Japanese Restaurant
Property Details for 633 3300
- Year built
- 1974
- Lot size
- 4.22 lot acres
- Property size
- 49,020 SF
- Zone code
- CC
- Property type
- Individual retail properties
- APN
- 16-30-431-012
- APU
- 1630431012
Description
This exceptional investment opportunity presents a 47,718 square foot, single-story, multi-tenant retail center located at 633 E 3300 S, Salt Lake City, UT 84106. The property, built in 1974, boasts a 5.73% cap rate and a strong net operating income (NOI) of $447,029. Currently operating at 100% occupancy, the Class B property features a NNN lease structure and is situated on a 4.22-acre lot with ample parking (2.75 spaces per 1,000 sq ft). The property is zoned CC and includes a Walgreens pharmacy as an anchor tenant. The asking price is $7,800,000. Its strategic location in South Salt Lake City offers significant advantages, benefiting from proximity to two collegiate institutions (University of Utah and Westminster College), world-renowned ski resorts within an hour's drive, and the thriving Silicon Slopes tech corridor. Furthermore, the property's location benefits from the substantial tourism generated by Utah's five national parks and other unique attractions. This presents a compelling investment opportunity with strong potential for long-term growth and returns. The APN is 16-30-431-090-000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.873
- Latitude
- 40.7005
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
