Property profile

145 E 1300 S Salt Lake City, UT 84115

FOR LEASE
Strip malls
Property ID
US86-0414475
62,843 SF 4.4 ac lot Built 1990
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lincoln Plaza, located at 145 E 1300 S in Salt Lake City, UT 84115, offers a unique opportunity for retail businesses seeking space in a vibrant location. This anchorless retail strip center on State Street provides a flexible layout with multiple tenancy options. The property boasts a total vacant space of 46,815 square feet, with a minimum divisible unit size of 1,186 square feet and a maximum contiguous space of 40,679 square feet, allowing for businesses of various scales to find a suitable fit. The asking lease rate is $19.00 per square foot, triple net (NNN), with approximate NNN expenses estimated at $4.63 per square foot. This prime retail location presents an excellent opportunity for businesses looking to establish or expand their presence in a high-traffic area of Salt Lake City. The property's address is easily accessible and benefits from strong visibility along State Street. The flexible space options make it ideal for a variety of retail concepts. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 62,843 SF
Lot 4.4 ac (191,664 SF)
Zoning code CC
APN 16-07-357-038
UPID US86-0414475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • County Government Office
  • Electronics & Wireless Store
  • Drug Testing Service
  • County Government Office
  • Department Store

Location

145 E 1300 S Salt Lake City, UT 84115
Salt Lake City metro Census 103000 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.02M

Owner & transaction history

since 2017
7 recorded transactions
2021
Price N/A
2017
Price N/A
2017
Price N/A
2007
Price N/A
2004
Price N/A
1997
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Salt Lake City, UT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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