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248 900th S Salt Lake City, UT 84101-2941

OFF-MARKET Turn key restaurants Google Maps
1,200 SF 0.12 ac lot Built 1919
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US86-0470371

Property summary

AI-generated overview

This exceptional 1,200-square-foot retail space, located at 248 W 900 S in Salt Lake City, UT 84101, presents a unique leasing opportunity. Situated on a corner lot in the vibrant Central 9th neighborhood, this single-tenant building boasts significant historic charm, having been built in 1930 and renovated in 2010. The property is zoned FBUN-2 and benefits from its location within the Granary submarket cluster. The building features one story and offers five parking spaces for customer convenience. Its prime location places it just one block from the TRAX light rail system, ensuring excellent accessibility. Surrounded by new apartment complexes and a diverse retail environment, this property enjoys high visibility and foot traffic. Recent neighborhood improvements include enhanced parking, biking infrastructure, and streetscape enhancements, further boosting its appeal. Currently occupied by a donut and coffee shop (please do not disturb the tenant), this property is ideal for a variety of retail uses. This is a rare chance to secure a freestanding building in one of Salt Lake City's most dynamic areas.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1919
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,200 SF
Lot 0.12 ac (5,227 SF)
Zoning code D2
APN 15-12-252-031
UPID US86-0470371

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
  • Bakery Discount Store
  • Tattoo & Piercing Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2007
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

D2 · 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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