Property summary
This exceptional commercial property at 1526 S State Street in Salt Lake County offers a unique blend of street-level retail and rear storage units. The 13,800 square foot building presents a fantastic opportunity for multiple tenants seeking flexible spaces. Four spaces are currently available, with street retail space offering a maximum contiguous area of 825 square feet, ideal for a variety of retail uses. The property boasts excellent frontage on State Street, benefiting from an average daily traffic count of 30,000 cars. Its strategic location offers close proximity to Downtown Salt Lake City and sits directly across the street from Salt Lake Community College, ensuring high visibility and foot traffic. Three separate storage units are also available in the rear of the building, providing additional income potential or valuable storage space for a primary tenant. Unit A offers 520 square feet at a monthly rate of $550, Unit B provides 625 square feet for $730 per month, and Unit C features 600 square feet at a monthly rate of $575. The minimum divisible space is 500 square feet, allowing for adaptability to various business needs. This property presents a low price point lease rate, making it an attractive investment opportunity in a high-traffic, desirable location. Don't miss this chance to secure a prime retail and/or storage space in the heart of Salt Lake City.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CC · Salt Lake City, UTZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CC in Salt Lake City, UT.
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