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Property summary
This two-story, 26,000 square foot building at 325 Pierpont Avenue in Salt Lake City, UT 84101 offers a unique blend of creative and traditional office space. The property features a total of 30 suites, with a minimum divisible space of 822 square feet and a maximum contiguous space of 6,120 square feet. Currently, 15,575 square feet are vacant and available for lease. Located in the heart of historic downtown Salt Lake City, this property benefits from its proximity to the Vivint Smart Home Arena and the Salt Palace Convention Center. The surrounding area boasts a vibrant mix of boutiques, brew pubs, cafes, and tech offices, creating a dynamic and desirable environment for businesses. The building offers patio seating, adding an attractive amenity for tenants. The lease structure is a triple net (NNN) lease with a base rent of $6.72 per square foot. Multiple tenancy options are available to accommodate various business needs. This is an exceptional opportunity to secure prime office space in a thriving urban location.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the D-3 Downtown Warehouse or Residential District is to provide for the reuse of existing warehouse buildings for multi family and mixed use while also allowing for continued retail, office and warehouse…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D-3 · Salt Lake City, UTThe purpose of the D-3 Downtown Warehouse or Residential District is to provide for the reuse of existing warehouse buildings for multi family and mixed use while also allowing for continued retail, office and warehouse…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the D-3 Downtown Warehouse or Residential District is to provide for the reuse of existing warehouse buildings for multi family and mixed use while also allowing for continued retail, office and warehouse…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D-3 in Salt Lake City, UT.
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