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Property summary
This exceptional 17,612 square foot, two-story retail and restaurant space at 3540 South State Street in South Salt Lake, Utah, presents a unique investment opportunity. Currently undergoing a complete renovation, the property boasts a new roof, exterior, windows, entry doors, a new metal pan, and a poured concrete floor. The building, classified as Class C, was constructed in 1974 and features an elevator servicing both floors, a significant advantage for accessibility and multi-level… operations. The 1.26-acre lot provides ample space, and the 13,000 square feet of vacant space is ready for immediate occupancy. The owner will deliver the space in a warm shell condition, allowing for tenant improvements to be negotiated to suit specific business needs. Potential uses are diverse, including a restaurant on the upper floor and an event center or club with bar and restrooms on the lower level. Located in Salt Lake County, with a convenient zip code of 84115, this property offers high visibility and accessibility in a thriving area. This single-tenant space is perfect for a business seeking a prominent location with significant square footage and the benefit of a recently completed renovation. Don't miss this chance to secure a prime retail or restaurant location in a rapidly developing area.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 17,812 SF
- Lot area
- 0.92 ac
- Year built
- 1974
- Stories
- 1
- APN
- 16-31-151-070
- Zoning
- CC
- Assessed value · 2023
- $2,568,200
- Annual tax · 2023
- $30,071
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.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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