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    FOR LEASE
    Community centers

    5283 S State St, Salt Lake City, UT 84107

    8,862 SF 1.25 ac lot Built 2002
    Individually Owned Free & Clear
    Property ID
    US86-1033327
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents 6,250 square feet of space at the Pointe @ 53rd, ideally situated on State Street, just off Interstate 15 in the heart of Salt Lake Valley. Currently, the entire building is vacant, offering a unique chance for a single tenant to occupy the entire 6,250 square feet, or the space can be divided. A minimum of 2,750 square feet is divisible, with a maximum contiguous space of 3,500 square feet available. The property boasts excellent visibility and accessibility, making it an ideal location for a variety of businesses. A significant advantage is its proximity to a major medical facility – a 1,000,000 square foot IHC Hospital is directly across the street, ensuring high traffic and potential customer base. The property's location offers significant potential for a drive-thru, adding further appeal to prospective tenants. This is a rare opportunity to secure a prominent retail space in a high-traffic area with exceptional visibility and access. The entire 6,250 square feet is available for lease. Consider this prime location for your next business venture.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2002
    Total area 8,862 SF
    Lot 1.25 ac (54,450 SF)
    Zoning code CDC
    APN 22-07-304-030
    UPID US86-1033327
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $815k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $814k
    Blend (final) Blend
    $815k
    Owner & transaction history
    The Pointe 53rd Lc
    The Pointe 53rd Lc
    since 2025
    3 recorded transactions
    2025
    2025
    2022
    Zoning & alternative use
    CDC · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.3M +141.5%
    Commercial (general) $870,000 +64.2%
    Restaurant $845,000 +59.4%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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