Property profile

2285 Main St South Salt Lake, UT 84115

OFF-MARKET
Strip malls
Property ID
US86-1358415
6,878 SF 0.48 ac lot Built 1963
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional property at 2285 Main Street in Salt Lake County offers a unique blend of retail, office, and restaurant possibilities. Currently configured as creative office space, this 7,000 square foot building presents a fantastic opportunity for multiple tenants. Two spaces are immediately available, ranging in size from 2,047 to 3,427 square feet, providing flexibility for various business needs. The building's location within a designated Opportunity Zone offers significant tax advantages for qualified investors. This prime South Salt Lake location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a vibrant and thriving commercial environment. The property's versatile layout allows for customization to suit individual tenant requirements. Whether you're seeking a stylish office space, a unique retail storefront, or a distinctive restaurant location, this property offers the potential to create a thriving business hub. The available square footage provides ample room for growth and expansion, catering to businesses of various scales. Don't miss this chance to secure a prominent presence in a rapidly developing area of Salt Lake City. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,878 SF
Lot 0.48 ac (20,909 SF)
Zoning code CC
APN 16-19-151-003
UPID US86-1358415

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
  • Physician
  • Art Gallery Art Dealer
  • Postal Service Courier Service
  • Hair Salon Nail Salon
  • Pet Grooming Service

Location

2285 Main St South Salt Lake, UT 84115-2600
South Salt Lake metro Census 111500 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2016
Price N/A
2008
Price N/A
2005
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

CC · South Salt Lake, 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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