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    Property profile & analytics
    OFF-MARKET Estimated value $585,000
    Strip malls

    1526 State St, Salt Lake City, UT 84115-1632

    13,822 SF 0.31 ac lot Built 1938
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US86-1371902
    Property summary
    AI-generated overview

    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
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1938
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,822 SF
    Lot 0.31 ac (13,504 SF)
    Zoning code CC
    APN 16-18-152-013
    UPID US86-1371902
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Salt Lake City Dreadlock shop Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $500k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $669k
    Blend (final) Blend
    $585k
    Owner & transaction history
    M & M Holdings Llcc · 9 yrs held
    M & M Holdings Llcc
    since 2017
    6 recorded transactions
    2017
    2015
    2015
    2014
    2008
    2000
    Zoning & alternative use
    CC · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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