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    FOR LEASE
    Drive through restaurants

    3540 S State St, South Salt Lake, UT 84115

    17,812 SF 0.92 ac lot Built 1974
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US86-1468017
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1974
    Construction WOOD FRAME
    Total area 17,812 SF
    Lot 0.92 ac (40,075 SF)
    Zoning code CC
    APN 16-31-151-070
    UPID US86-1468017
    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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $795k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.34M
    Blend (final) Blend
    $1.07M
    Owner & transaction history
    Abc Ye LLC · 2 yrs held
    Abc Ye LLC
    since 2024
    7 recorded transactions
    2024
    2024
    2019
    2017
    2008
    2007
    2002
    Zoning & alternative use
    CC · South Salt Lake, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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