268 400th S Salt Lake City, UT 84101-1823
- Medical offices
- 22,395 SF
- 0.10 lot acres
Current Use by Public Records
- Fearless Kingdom Dental Institute / Dentist
- Dream Dental Implant Center / Dentist / Dental Clinic
- View Utah Realty / Real Estate Agent
- Western Research / Market Researcher
Property Details for 268 400th S
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.10 lot acres
- Property size
- 22,395 SF
- Zone code
- D2
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 15-01-402-010
- APU
- 1501402010
Description
This exceptional 14,930 square foot Class C medical office building, located at 268 W 400 S in Salt Lake City, Utah, 84101, is offered for sale at $3,250,000. Currently configured as a fully functional dental practice, this high-profile building boasts upscale improvements and the rare amenity of secure on-site parking. Situated on the 400 South arterial, it enjoys immediate access to numerous downtown amenities and services, including the Delta Center, Salt Palace, Abravanel Hall, City Creek, Gateway, and Temple Square. Its strategic location offers enhanced improvements and infrastructure, making it an attractive investment opportunity. The property benefits from its proximity to I-15 and is located within a Qualified Opportunity Zone (QOZ), presenting unique tax advantages. With downtown Salt Lake City experiencing unprecedented residential growth, including the construction of Utah's tallest building within three minutes of the property, and a revitalized sports/entertainment/arts district coupled with the anticipated completion of the redeveloped Temple Square, this building is poised for significant appreciation. The asking price is well below replacement cost, making this a compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,325,000
- 6.5%
- $1,190,000
- 7%
- $1,290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,290,000
- Geo Method
- $1,260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,340,000
- Retail
- $1,365,000
- Mixed-Use
- $1,385,000
- Hospitality
- $1,500,000
- Educational
- $1,465,000
- Residential Income
- $1,390,000
- Energy
- $1,510,000
- Income-Based Land
- $1,350,000
- Food Service
- $1,460,000
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.899
- Latitude
- 40.761
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
