Property profile

220 Lucy Ave Salt Lake City, UT 84101

OFF-MARKET
Manufacturing properties
Property ID
US86-0021532
3,600 SF 0.11 ac lot Built 1971
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Mixed-use property in Salt Lake City, zoned MU-11 (maximum multifamily potential), offered as two parcels sold together. Parcel one includes a 1,712-square-foot residence built in 1887 with 4 bedrooms and 2 bathrooms on a 0.11-acre lot. Parcel two includes a 3,600-square-foot shop building constructed in 1971 on a 0.11-acre lot. The property is positioned near freeway access, shopping and stores, and is within driving distance of downtown, providing multiple-use flexibility for residential or business-related uses consistent with the MU-11 zoning.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,600 SF
Lot 0.11 ac (4,792 SF)
Zoning code CC
APN 15-12-457-034
UPID US86-0021532

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
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Car Dealership

Location

220 Lucy Ave Salt Lake City, UT 84101-3031
Salt Lake City metro Census 102900 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2007
4 recorded transactions
2007
Price N/A
2003
Price N/A
2003
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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