Property summary
This exceptional investment opportunity presents a 3,800 square foot warehouse and a thriving painting business located at 327 E 3300 S, South Salt Lake City, UT 84115. The property, situated on a 0.46-acre lot, boasts a Class B building constructed in 1963 and renovated in 2000. Currently operating at 100% occupancy, the business generates a substantial Net Operating Income (NOI) of $313,571, yielding a compelling 12.27% cap rate. The asking price for this owner-user investment is $2,555,000. The permitted commercial zoning offers flexibility for future ventures. The business, established in 1983, has a strong reputation and an extensive client base, including high-profile organizations. Most business assets are included in the sale, facilitating a smooth transition for the new owner. While the business and property are offered together, separate purchase options may be considered, contingent upon securing a buyer for the business if the property is purchased independently. This presents a unique opportunity to acquire a well-established enterprise and a strategically located property in a desirable Salt Lake County area. The property's APN is 16-30-331-0120.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Painting
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General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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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
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
BUS-A · South Salt Lake, UTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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