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Property profile & analytics
OFF-MARKET Estimated value $690,000
Bars & Pubs

180 400th S Salt Lake City, UT 84101-2200

8,645 SF 0.37 ac lot Built 2008
Entity Owned 6-yr Hold Free & Clear
Property ID
US86-0389909
Property summary
AI-generated overview

This exceptional 10,626 square foot restaurant and retail space in Salt Lake City's vibrant downtown offers a rare opportunity. Located on a hard corner at 180 W 400 S, 84101, this property boasts unparalleled visibility and signage. The space is currently configured as a restaurant, featuring existing amenities such as a grease trap, hoods, three-compartment sinks, and a walk-in refrigerator. The layout includes a bar and ample seating, and the building is equipped with a fire sprinkler system and ADA-compliant restrooms, including separate staff facilities. High ceilings and abundant natural light create a welcoming atmosphere. A significant advantage is the inclusion of up to 50 on-site parking spaces, a rare find in the heart of downtown. The space is divisible to a minimum of 4,577 square feet, offering flexibility for various uses. This is one of the few remaining established restaurant spaces in this desirable area, making it an exceptional investment opportunity. The property is situated in Salt Lake County, Utah.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2008
Construction WOOD FRAME
Total area 8,645 SF
Lot 0.37 ac (16,117 SF)
Zoning code D1
APN 15-01-428-029
UPID US86-0389909
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
  • La Kantina Sports Bar & Grill Bar & Pub Restaurant
  • Dubai Mexican Grill Restaurant Restaurant
  • IBIZA SLC Ultra lounge- Nightclub & Bar Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$834k
Blend (final) Blend
$690k
Owner & transaction history
Peg Slc 360 South LLC · 6 yrs held
Peg Slc 360 South LLC
since 2020
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
Price N/A
2015
Price N/A
2010
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
D1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +96.4%
Retail stores $970,000 +67.4%
Warehouse, storage $650,000 +12.0%
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