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    FOR LEASE
    Individual retail properties

    255 S State St, Salt Lake City, UT 84111

    90,210 SF 0.01 ac lot Built 2021
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US86-0605904
    Property summary
    AI-generated overview

    The Aster, a new mixed-use commercial development in Salt Lake City's Central Business District, offers five available traditional office spaces ranging from 830 to 4,520 square feet. Located at 255 S State St, 84111, this premier State Street address places your business in the heart of the downtown entertainment district. The building features a striking 16-foot clear height, allowing for creative and efficient space planning. Tenants will enjoy the convenience of multiple elevator access. The Aster is designed with tenant improvements in mind, providing a blank canvas for your ideal workspace. Furthermore, the development includes a unique open-air public paseo, creating a vibrant atmosphere and providing direct access to the adjacent Edison Street retail corridor. This exceptional location offers unparalleled visibility and accessibility, making it an ideal choice for businesses seeking a thriving and dynamic environment in the heart of Salt Lake City. Minimum leasable space is 830 square feet, with multiple tenancy options available.

    Property profile
    Verified
    Property type Individual retail properties
    Use group LAUNDROMAT (SELF-SERVICE)
    Year built 2021
    Total area 90,210 SF
    Lot 0.01 ac (436 SF)
    Zoning code D1
    APN 16-06-158-003
    UPID US86-0605904
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.38M
    Owner & transaction history
    255 State 4 LLC · 3 yrs held
    255 State 4 LLC
    since 2022
    2 recorded transactions
    2022
    2022
    Zoning & alternative use
    D1 · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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