231 Edison St Ste C Salt Lake City, UT 84111-5279
Property profile & analytics
231 Edison St Ste C, Salt Lake City, UT 84111-5279
- Turn key restaurants
- 4,915 SF
- 0.01 lot acres
Property ID
US86-0085831
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Warhol Lofts / Apartment Building
- Franklin Ave Cocktails & Kitchen / Restaurant
Property Details for 231 Edison St Ste C
- Year built
- 1899
- Lot size
- 0.01 lot acres
- Zone code
- D-1
- Property type
- Turn key restaurants
- APN
- 16-06-186-009
- APU
- 1606186009
Description
This exceptional investment opportunity presents a thriving 5,706 square foot restaurant located at 231 S Edison St, Salt Lake City, UT 84111. The property, part of the prestigious Warhol Lofts building, is currently 100% occupied by Franklin Ave Cocktails & Kitchen under a triple-net (NNN) lease with a strong guarantor. The lease generates $173,376 annually, with a 6% cap rate and 3% annual rent increases. The lease extends until November 30th, 2033, with four 5-year renewal options, providing significant long-term stability. The asking price is $2,800,000, translating to $490.71 per square foot. This prime location in downtown Salt Lake City offers high visibility, significant foot traffic, and proximity to popular attractions and amenities. The property's historic charm and flexible floor plan present a unique opportunity for continued success. The property is zoned for retail and restaurant use, and potential exists for outdoor seating or display. This is a rare chance to acquire a high-performing asset in a desirable urban setting. The APN is 16-06-186-009.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.886
- Latitude
- 40.764
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$346,700
$808,800
$1,155,500
-
$346,700
$808,800
$1,155,500
