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Property profile & analytics

3540 State St South Salt Lake, UT 84115-4727

  • Drive through restaurants
  • 17,812 SF
  • 0.92 lot acres
OFF-MARKET
Last Sale
May 09, 2024
Value Estimations
$1,065,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US86-1468017
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Isalis / Jewelry Store / Gift Shop
  • Party City / Party Store / Balloon Store
  • Skunk Funk / Wholesaler / Clothing Store
  • Carl's Trading Co / Hat Shop
  • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

Property Details for 3540 State St

Year built
1974
Construction
WOOD FRAME
Lot size
0.92 lot acres
Property size
17,812 SF
Zone code
CC
Property type
Drive through restaurants
APN
16-31-151-070
APU
1631151070

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $795,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,341,000
    Market price range: $1.34M - $3.44M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
South Salt Lake
County
Salt Lake
State
Utah
Longitude
-111.889
Latitude
40.6944
CBSA code
41620
CBSA name
SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,071
$1,072,200
$1,496,000
$2,568,200
-
$1,072,200
$1,496,000
$2,568,200
More about this property
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