5283 S State St, Salt Lake City, UT 84107
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CDC · Salt Lake City, UTSalt Lake City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.