55 Redwood Rd Salt Lake City, UT 84116-3121
Property profile & analytics
55 Redwood Rd Salt Lake City, UT 84116-3121
- Strip malls
- 26,194 SF
- 1.78 lot acres
Property ID
US86-0428797
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.
Location Intelligence
Current Use by Public Records
- Rose Park Pediatric Dentistry / Dental Office
- Cash / Clothing Store
- Somali Restaurant Midnimo / Restaurant
- Western Union / Bank / Credit Union
- Golden Angel Massage / Alternative Medicine Practice / Spa & Massage Center
Property Details for 55 Redwood Rd
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.78 lot acres
- Property size
- 26,194 SF
- Zone code
- CC
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 08-34-382-008
- APU
- 834382008
Description
This exceptional 3,000 square foot retail space at 55 N. Redwood Road in Salt Lake City, Utah, presents a unique opportunity. Currently configured as a restaurant, this turnkey storefront is ideal for a variety of uses, thanks to its CC zoning. The space is available for sublease with a lease expiration date in 2026. The property boasts a newly remodeled exterior, enhancing curb appeal and attracting customers. Ample parking is available for patrons and employees, a significant advantage in a busy urban area. The location benefits from high visibility due to its Redwood Road frontage, ensuring excellent exposure to potential customers. Note that the existing Somali restaurant business, including all equipment, is also available for purchase at $250,000. This turnkey setup offers a significant advantage for a buyer looking for an immediate start. The minimum divisible space is 3,000 square feet, and the maximum contiguous space available is also 3,000 square feet. This property is perfect for an established business seeking expansion or a new venture looking for a ready-to-go location in a thriving Salt Lake City neighborhood. The zip code is 84116.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $910,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,001,000
Market price range: $1.00M - $1.69M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,255,000 Current use
- WAREHOUSE, STORAGE
- $1,140,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $1,130,000 Change: -10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.94
- Latitude
- 40.7707
- 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
$6,441
$2,292,900
$179,400
$2,472,300
-
$2,292,900
$179,400
$2,472,300
